Hyperion Technology (Hyperion) today announced that it has entered into an agreement with Interstellar, Inc. (Interstellar) to provide support for Stellar-based assets on the Hyperion exchange.
The partnership will widen the scope of Hyperion’s abilities for their currently under development exchange for security tokens.
Stellar is an established protocol for issuing, transferring, and exchanging digital assets. Digital assets on Stellar include cryptocurrencies such as Bitcoin, fiat currencies such as the US Dollar, and commodity assets such as gold.
As the demand for crypto asset trading continues, platforms such as Stellar have seen substantial interest from developers and entrepreneurs as a method of transacting assets with the efficiency and security of a blockchain network.
Through its interest in the Delaware Board of Trade Holdings Ltd., Hyperion operates under licenses to act as both a broker-dealer (BD) and an alternative trading system (ATS), which allows Hyperion to trade securities in the United States.
[perfectpullquote align=”full” bordertop=”false” cite=”Michael Zavet, co-founder and CEO of Hyperion” link=”” color=”” class=”” size=””]“Having Stellar-based assets on our exchange is one of our biggest developments to date. I have always admired the innovation of Stellar technology when it comes to leveraging the blockchain’s ability to exchange any type of asset in a decentralized way. This complements Hyperion’s value proposition in a very meaningful way, and I believe that having Interstellar as a partner will put us several steps ahead as a new exchange.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Boris Reznikov, Director of Partnerships at Interstellar” link=”” color=”” class=”” size=””]“We look forward to working with Hyperion to further expand venues for compliant trading of assets on the Stellar network. Secondary trading is an exciting part of the value proposition for the tokenization of private assets. Allowing regulated assets to be tradeable on an SEC-registered ATS like Hyperion represents a major step towards unlocking the full potential of blockchain-based digital securities markets.”[/perfectpullquote]