PANews July 15 news, according to CoinDesk, the Bitcoin project Roxom is preparing to launch a securities exchange priced in Bitcoin, scheduled to go live in September, and is now open for early access waiting list. The exchange will practice the Bitcoin white paper's concept of 'global, permissionless value storage', supporting direct buying and selling of stocks from major Bitcoin reserves like Strategy and Metaplanet in Bitcoin. Roxom aims to provide investors with investment exposure through a Bitcoin reserve company, eliminating the need for Bitcoin conversion or brokerage operations.
Earlier this year, the project raised $17.9 million from institutions such as Draper Associates and began building its own Bitcoin reserves. As of May, Roxom held 84.72 Bitcoins and plans to purchase an additional 30, bringing the reserve value to nearly $13.5 million.
