Wall Street secrets targeted by bitcoin technology pioneers

bitcoinBy Michael del Castillo | New York Business Journal

Bitcoin isn’t going to leave Wall Street or the nation’s big banks in a smoking post-apocalyptic heap of destruction, in spite of what some early cryptocurrency supporters may have hoped. But that doesn’t mean the blockchain technology behind bitcoin won’t still lift the veil of secrecy over many financial transactions, and ultimately expose the sector’s once-hidden processes to anyone who cares to look.

A crop of new companies is popping up on Wall Street to do exactly that. Unlike firms built around bitcoin these new market disruptors are using the cryptocurrency’s underlying technology — a decentralized ledger known as a blockchain — to work with stores of value other than currency. The stores of value traded on Wall Street, in hedgefunds, and on some of the largest stock exchanges in the world.

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If you’d like to discuss bitcoin issues, contact Ryan Hurley, Rose Law Group Partner, rhurley@roselawgroup.com

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