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Crypto Depository Receipts: New Take on an Old Solution Can Drastically Change Equity Ownership & Issuance

CDRs feature all the benefits of conventional equity ownership and issuance without the drawbacks and can thus make life much easier for both investors and issuers. Apart from leveraging the high speed, transparency, and immutability of blockchain, they will help to reduce costs significantly. For instance, there will no longer be a need to conduct regular meetings of shareholders, pay numerous accountants, or maintain a share register. Many routine corporate actions can be eliminated or automated. Since CDRs are issued on the blockchain, smart contracts embedded in them will enable the automated distribution of dividends and permit online voting, drastically reducing the current costs associated with these actions (which run into millions of dollars).

Read more: https://cryptovest.com/news/crypto-depository-receipts-new-take-on-an-old-solution-can-drastically-change-equity-ownership--issuance/