Wall Street Gets a Digital Makeover

Wall Street is getting a tech upgrade. Nant Global Finance has just launched a new platform that blends old-school finance with cutting-edge blockchain technology. This isn't just about trading stocks; it's about making the whole process faster and more secure. The company has been busy buying up key players in the fintech world. They've already taken full control of Horizon Globex, Equity Stock Transfer, and BlockAgent. These companies help manage investor records and keep digital assets safe. NANT is also in the process of acquiring three more FINRA-regulated firms, but they're still waiting for the green light from regulators. Big names are backing this venture. Dr. Patrick Soon-Shiong, a well-known cancer researcher and owner of the Los Angeles Times, is on board. He brings a lot to the table, including 65 patents related to blockchain and smart contracts. The Los Angeles Times will also help spread the word, partnering with the New York Stock Exchange to broadcast and stream NANT's initiatives.So, what's the big deal? Right now, stock trades can take up to two days to settle. NANT wants to change that. Their goal is to make settlements happen in real-time, reducing risks and costs for everyone involved. They're not just focusing on cryptocurrencies; they're targeting the massive public markets, like those on the NYSE and NASDAQ. At the helm are CEO Mark Elenowitz and President Vincent Molinari. They're leading the charge to rebuild the U. S. capital markets' operating system. Once all the pending acquisitions get approved, NANT plans to operate as a consolidated financial group. This will include its own Alternative Trading System (ATS), giving broker-dealers access to NANT's liquidity and blockchain tools.