The main objective of our CROWDSTOCK project is to develop a new Software as a Service Fintech Application comprising a fully integrated stock trading system (STS) and content management system (CMS) to small and medium sized unlisted stock companies.
In many cases, unlisted joint stock companies have a great need to create better liquidity in the company's shares in order to increase the attractiveness of investors. As of today, there are millions unlisted limited companies in Europe with different size and number of shareholders. In almost every country the legislation requires the company to keep a register of shareholders which at all times shows who owns shares in the company. In addition, there are imposed regulatory requirements such as the submission of shareholder register duties at the end of the year. In most cases, the company (represented by the board) must approve all share transactions that occur in the company. In this context, automated solutions are needed that both streamline and quality assure such transactions.
Our new innovative application CROWDSTOCK includes semiautomatic stock exchange without the clearing function, but with algorithms and automated approval procedures for the company that takes into account various regulatory requirements, articles of association and different stock classes etc.
CROWDSTOCK will be marketed in the international market, based on Norwegian and European legislation and practice. The application should have a low entry level, and handle the technical, economic and financial aspects related to a large number of stock companies and shareholders serving various purposes.
Stockholder AS is the owner of CROWDSTOCK and will be the coordinator of the project.
The R&D project should be completed within 30 months.