Block Transfer
www.blocktransfer.ioIssuers traditionally accept the centralized stock transfer agent model, but it’s fundamentally flawed. Transfer agents effectively became six-figure Excel ledgers billed to millions of shareholders after digitization five decades ago (over 4B annually). Transferring book-entry securities often becomes a nightmare with hours spent on the phone or at a local bank with unreliable middlemen processing complex paperwork, tying up valuable shareholder dollars. Not to mention, all systems fall back to one insecure point of accounting trust that can brilliantly fail with trillions in damages. Block Transfer is a registered stock transfer agent that leverages decentralized blockchain recordkeeping to keep track of your shareholders. Through patented, SEC-approved cryptographic systems, we empower your investors to vote directly on the blockchain (not through some magic black box); instantly verify their direct securityholder balance (not call your IR department and wait weeks for simple account statements); and transfer their shares in 5 seconds, not 5 days. Further, centralized middlemen tend to onboard less impoverished citizens who generate lower fees, effectively disenfranchising investors abroad who live hundreds of miles away from authorizing banks or just can’t pay months of savings out in fees to attain remote transfer-agent guarantees. Finance should be open to everyone. Investing should be simple no matter where you were born.
Read moreIssuers traditionally accept the centralized stock transfer agent model, but it’s fundamentally flawed. Transfer agents effectively became six-figure Excel ledgers billed to millions of shareholders after digitization five decades ago (over 4B annually). Transferring book-entry securities often becomes a nightmare with hours spent on the phone or at a local bank with unreliable middlemen processing complex paperwork, tying up valuable shareholder dollars. Not to mention, all systems fall back to one insecure point of accounting trust that can brilliantly fail with trillions in damages. Block Transfer is a registered stock transfer agent that leverages decentralized blockchain recordkeeping to keep track of your shareholders. Through patented, SEC-approved cryptographic systems, we empower your investors to vote directly on the blockchain (not through some magic black box); instantly verify their direct securityholder balance (not call your IR department and wait weeks for simple account statements); and transfer their shares in 5 seconds, not 5 days. Further, centralized middlemen tend to onboard less impoverished citizens who generate lower fees, effectively disenfranchising investors abroad who live hundreds of miles away from authorizing banks or just can’t pay months of savings out in fees to attain remote transfer-agent guarantees. Finance should be open to everyone. Investing should be simple no matter where you were born.
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