How does Funderbeam use Blockchain?
Funderbeam uses distributed ledger technology (Blockchain) to record ownership on behalf of purchasers of shares, loan notes, bonds or fund units (securities) acquired in companies or funds that have raised money on the Funderbeam platform. This digitalised record is also described as either a Share, Note or Unit depending on the instrument being used. Each Share/Unit/note reflects an investor’s beneficial ownership of the securities for which the investor has subscribed.
Shares/Notes/Units are shown in an investor’s wallet on the platform and enable the securities to be traded. Each trade – and consequent change of ownership of securities – is also registered on the Blockchain. By this method, trading on the Funderbeam platform is secure, transparent and effected without the use of intermediaries.