Three friends found a startup.
Like many startups it has both its up and its downs.
It attracts customers but also competitors. Investors attracted by the progress the startup is making, start to make overtures.
For two of the friends such offers are instantly disregarded. They are interested in the long term future of the company.
But, one of the friends is not quite so passionate about their startup. He has his own business he would like to start and he wants to do it his way.
In short he’s ready to cash in his chips and get out.
The friends are at crossroads. They can’t reach a mutual agreeable decision about how to proceed. Two of the friends are completely against the idea of selling out, the third wants it to happen right now.
This is becoming a major issue as the startup stalls because of the time being devoted to the issue of to sell or not to sell.
If they were a publicly listed company such a disagreement migh not be such an issue. The founder who wants out could sell his shares on the market.
But like 99% of all companies in the United States they are private.
BANKEX is an innovative proof-of-asset protocol which offers a solution to problems just like this one. With BANKEX the details of the shares can be recorded using a smart contract.
The founder who wants to sell out has their share become tokenised in a digital asset.
The nominal holder for that share can be any entity that is permitted in that jurisdiction.
This digital token can now be traded and the founder who wants out can realise the value of their holding.
But, at the same time the shareholding for that company is essentially reminding the same.
All parties are happy and the startup can continue on its path to growth.
This is just one example of how Proof of Asset (POA) tokenisation could have a massive impact on the way that assets are traded.
The type of scenario listed above happens every day, and this is just the field of private companies. There a vast array of assets that are currently difficult to trade and move which are ripe for tokenisation.
BANKEX is currently running a token sale for their BKX tokens. You can learn more here:
BANKEX Website: https://bankex.com
BANKEX Whitepaper: https://bankex.com/en/whitepaper