OnPlace, a Russian startup that runs its operations in the US, has announced that it is creating a decentralised investor community for the management of closed over-the-counter assets.

Currently, assets are divided amongst several platforms across the crypto market which means that those interested in investing have to move between different platforms in order to gain ownership over assets. This process can be time-consuming and off-putting to many wannabe investors.

A decentralised investor community would allow for investors to view all the potential options available to them on one platform, simplifying the complexities of the process. The OnPlace Private Assets Tokenisation System aims to transform OTC assets into tokens for its investors. Investors can decide on how to use their tokens through the use of the decentralised system. The system then records and stores data on its independent Blockchain.

Each asset is represented by a personal token, which the owner of the asset has full control over. The owner of the token can vote on the way in which they wish to operate the token, and their actions are registered by the network and will not be changed in any way. The token owner has full control over their tokens, and the data is stored securely by the PATS system, eradicating the need for any external stock exchanges.