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ZAR X Launches Blockchain For Unit Trusts in South Africa - BlockNewsAfrica
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ZAR X Launches Blockchain For Unit Trusts in South Africa

ZAR X, South African stock exchange platform incorporates blockchain technology for unit trusts.

A local stock exchange, popularly known for its simplicity, low-cost, transparency and agility, ZAR X in partnership with Adhara and Computershare South Africa has launched its first distributed settlement system for unit trusts in SA.

A unit trust is a type of investment that provides you with easy and affordable access to financial markets.

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Using the distributed ledger technology, the new ZAR X system enables the public to purchase and settle unit trusts directly from fund managers in a secure environment.

The ZAR X system remakes the accustomed way of administering unit trusts using digital technologies as its basis.

The new platform, which will be available on the ZAR X mobile app, will work in much the same way that online share trading does. Investors will be able to view the features of a range of unit trusts and buy and sell holdings at the touch of a button. This means that individual investors can buy and sell a wide selection of shares very swiftly.

By making use of this blockchain technology ZAR X is living up to what it’s noted for. With this technology, ZAR X would firmly establish the use of blockchain technology and promote its futuristic prospects.

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BlockNewsAfrica

BlockNewsAfrica is a Ghanaian based media company that will provide information and data on the developments in the cryptocurrency and blockchain technology industry on the African Continent.

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