Bahrain-based stock exchange, SprinkleXchange is all set to release its first company listing next month. SprinkleXchange is planning to reach 35 listings by the end of the year. This exchange is also backed by Ethereum.
CEO Alexander Wallin stated that he expects that over the next three to four years, up to 1,000 companies will join the stock exchange.
The prices are determined using the auction method in the Netherlands. But global access and liquidity are improved. The company appears to have greater ambitions for the future.
SprinkleXchange alleges that companies with a market limit of $20 million to $200 million are encouraged to enlist themselves. As with Wallin, companies from a wide range of industries including real estate and biotech have shown an interest. SprinkleXchange has permission to list a maximum of ten businesses as part of the Bahrain Regulatory Sandbox.
In addition to stocks, cryptocurrency trading and exchange-traded funds will also be possible for the organization in the future.
SprinkleXchange allows your company to reach a global pool of investors through decentralized clearing and settlement. The access to the worldwide investor pool makes capital raising, ensures a higher valuation, and provides increased liquidity for your company more convenient.