BEGI - Shares of Blockchain Trading Platform on a Tear

2023-09-11 10:32:45 ET

This company’s shares are soaring this morning following a press release about its innovative %Blockchain trading platform. %BlackStarEnterpriseGroup (OTC PINK: ) intends for its platform to be a tool for trading securities within the existing FINRA and SEC-regulated brokerage framework. The company is moving forward with plans to enable the trading of common shares on a blockchain with their revolutionary software called BlackStar Digital Trading Platform TM "BDTPTM,” a peer-to-peer digital trading platform of electronic fungible shares based on the blockchain. Customers will continue to use brokerage accounts and broker-dealers, and the transfer agent will continue to maintain the shareholder records

BlackStar’s Digital Trading Platform is designed to function in the existing back-office operations of broker-dealers. within the confines of existing rules or regulations. Transactions for common shares are entered on the platform and then recorded onto a centralized private blockchain, with all clearing and settling done through the platform. The clearing of the trade may be the responsibility of the broker-dealer that introduces their customer to trade on the B.D.T.P.™ platform.

Shares ripped at the open, up 50 percent in heavy trading.