Securitize Paid-Out Dividends for Lottery.com Security Tokens

Securitize, a digital security issuer, has paid-out dividends to the holders of Lottery.com security tokens, and, per the company, it the first such payment on a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term.

The dividend Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term were made on Friday to Lottery.com security token holders.

“We couldn’t be more excited and proud to execute our first royalty payment for Lottery.com, a company that has been a big proponent of digital securities from the beginning,” Carlos Domingo, CEO of Securitize, said, commenting on the development.

“This first payment is significant for all of us in the industry. It’s another great step in modernizing capital markets by enabling digital securities. We firmly believe the future of all assets is digital.”

Making blockchain adoption mainstream

Securitize is maintaining the role of transfer agents which is responsible to maintain and update securities ownership records as well as distribute payments, like shareholder dividends or interest. But the company’s role here is odd as transfer agents do not usually deliver the payments to the shareholders.

“Leveraging Securitize’s infrastructure for distribution of the royalty was a no brainer for us. They make it so easy to pay all of our token holders in the way that they want to be paid,” Matt Clemenson, CCO of Lottery.com, said.

Notably, more than half of the Lottery.com token holders received their payout in USDC, making the distribution process much efficient.

Established in 2017, Securitize is based in the United States and is a leading company offering regulated tokenization services to the mainstream companies.

The company is also backed by major conglomerates and financial giants including SBI Group, Banco Santander, MUFG, and Nomura Holdings.

According to CrunchBase, the San Francisco-based company received a total of $26.8 million in funding to date.