- NEO Global Development (NGD) has formed the Digital Asset Alliance (DAA) to explore blockchain-based securities.
- The members of the DAA are primarily located in the United States, Europe, and Asia.
NEO Global Development (NGD) has formed the Digital Asset Alliance (DAA) to begin exploring blockchain-based securities. DAA is a “consortium of participants from various industries including liquidity providers, KYC/AML providers, issuance platforms, law firms, and projects.” Majority of the members of the DAA are primarily located in the United States, Europe, and Asia.
NGD global business development manager, Tamar Salant, shared his views on securities and the NGD:
“I think when we’re looking at securities, a lot of people like to say ‘security tokens,’ and it’s creating a lot of hype and it’s creating a lot of these rumors about how this will bring back the bull market. But I think we’re looking at it from a more mature perspective. These securities are something that have always been around, and using digitized formats for these securities instead of a piece of paper or an excel sheet, but using a unique digital signature to ‘upload’ the securities to a blockchain is just making sure the process is being done in a more efficient, transparent and smoother way – cutting away middlemen and just making sure that things are executed in the right format.”