Harbor, a digital securities platform for compliant fundraising, investor management, and liquidity, today has announced an exclusive partnership with Gemini, a New York trust company and popular bitcoin exchange company, to use the Gemini dollar. Harbor will use Gemini dollar, a regulated stablecoin that is strictly pegged 1:1 to the U.S. dollar, as both a funding and distribution mechanism for digital securities offerings on the Harbor platform.
Through this partnership, investors can use the Gemini dollar to invest in digital private securities without the price volatility associated with traditional cryptocurrencies. The partnership provides investors a full stack solution in accessing digital private securities via the blockchain, creating a new, more efficient mechanism to participate in the private capital markets.
“Stablecoins like the Gemini dollar bring U.S. dollars onto the blockchain, while Harbor brings private investments onto the blockchain. The combination of the two has the potential to bring unprecedented access, liquidity, and capital formation to private investments and tremendous benefits to investors.”
Supporting the Gemini dollar on the Harbor platform provides a stable digital currency for efficiently funding investments and receiving distributions from investments, such as dividend payments. Users simply convert U.S. dollars to Gemini dollars 1:1 when funding an investment and can convert back to U.S. dollars 1:1 when they receive a distribution.
“The Gemini dollar is a natural fit for Harbor given Gemini’s regulatory oversight and our shared institutional approach to the digital asset market. Through integrating with the Gemini dollar, Harbor has created a fully-compliant solution to investing in digital securities offerings and receiving distributions.”
Harbor uses blockchain technology to bring greater efficiencies, access, and liquidity to traditional private investments, including commercial real estate, private company equity, investment funds, fine art and more.