Roxom Announces Launch of Bitcoin Denominated Capital Market Platform in September
Today, Roxom announced the launch of the first capital market platform denominated in Bitcoin, offering both spot and derivatives trading, according to a press release sent to Bitcoin Magazine. The platform introduces a system where global assets, including equities and futures, can be traded, priced, and settled entirely in Bitcoin.
“The launch of our Bitcoin Treasuries Product is about architecting a Bitcoin-native financial future,” said the cofounder and CEO of Roxom Borja Martel Seward.
Roxom’s flagship Spot product Bitcoin Treasuries is set to launch in September, with a waitlist now open for early access. It will give users access to public companies with significant Bitcoin holdings such as Strategy, Metaplanet and Nakamoto on a single exchange.
“By providing the critical infrastructure that gives investors exposure to BTC treasury stocks without tradfi barriers – such as the need to convert Bitcoin and navigate brokerages – we’re building on the legacy of Bitcoin pioneers like Mircea Popescu and Erik Voorhees,” Seward continued. “The era of Bitcoin-native businesses and capital formation starts now.”
Several companies including The Smarter Web Company, Semler Scientific, XXI Cap and many others have also adopted Bitcoin as a key part of their treasury strategy, following the example set by Michael Saylor and Strategy. Roxom’s platform will centralize access to these companies, which are currently scattered across various traditional exchanges, and present them natively in Bitcoin terms.
The platform aims to simplify how Bitcoin holders gain exposure to these assets by removing the need for fiat conversions or third-party brokerages.
This announcement comes after Roxom raised $17.9 million in a funding round backed by firms including Draper Associates, Borderless Capital, Ego Death Capital and Kingsway Capital. The funding signals growing institutional interest in building financial tools that operate fully within a Bitcoin standard.
Disclosure: Nakamoto is in partnership with Bitcoin Magazine’s parent company BTC Inc to build the first global network of Bitcoin treasury companies, where BTC Inc provides certain marketing services to Nakamoto. More information on this can be found here.
This post Roxom Announces Launch of Bitcoin Denominated Capital Market Platform in September first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
Read More[#item_full_content]Bitcoin Magazine
Many in the crypto space have echoed a familiar sentiment over recent months: “The four-year…
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten…
Bitcoin (BTC) is retesting a crucial support area after its price slid 5% from the…
Despite the Bitcoin price recovery above the crucial $90,000 threshold—a level that has historically served…
Fundstrat’s Tom Lee told attendees at Binance Blockchain Week that he believes the worst leg…
The Binance Blockchain Week event in Dubai became the center of a high-stakes showdown between…