Stablecoin Settlement for Tokenized Securities: Eugene Investment Securities & BEATOZ Test the Waters

Eugene Investment Securities is teaming up with blockchain company BEATOZ to test the use of stablecoins for settling subscription payments for tokenized securities.

The two companies signed a memorandum of understanding (MOU) on September 21, 2023, to apply stablecoins to the payment settlement process for tokenized securities subscriptions.

Currently, tokenized securities record holdings and changes in rights on blockchain networks, but subscription payments are still processed through traditional bank accounts. The companies plan to determine whether the entire process, from subscription to payment and settlement, can be handled within a single blockchain-based system using stablecoins.