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ConsenSys Acquires SEC-Registered Broker-Dealer to Tokenize Bonds

Claudia Rivera

Summary: ConsenSys, a blockchain firm founded by Joseph Lubin, acquired the Heritage Financial Systems, reports Cointelegraph. ConsenSys intends to strengthen its broker dealer capabilities that will implement blockchain technology offered in the municipal market.  The company also plans to apply blockchain technology to automate bond payments by smart contracts and allow users to track down who ...

ConsenSys, a blockchain firm founded by Joseph Lubin, acquired the Heritage Financial Systems, reports Cointelegraph. ConsenSys intends to strengthen its broker dealer capabilities that will implement blockchain technology offered in the municipal market. 

The company also plans to apply blockchain technology to automate bond payments by smart contracts and allow users to track down who owns the debt. According to Cointelegraph, securing token offerings is becoming more popular and creating a competition to initial public offering.

By Claudia Rivera

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