Reflection is a platform that enables users to buy and sell stock tokens, which are crypto tokens representing shares of publicly traded companies, backed by real shares held in a brokerage account. By utilizing blockchain technology, Reflection allows for 24-hour trading and fractional ownership, providing increased privacy and flexibility compared to traditional stock trading.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional stock trading is limited by exchange hours, strict reporting requirements, and lack of fractional share ownership, creating barriers to entry and reducing flexibility for many investors. Transferring traditional stocks can also be cumbersome, as they do not live on the blockchain.
Solution
Reflection provides a platform for buying and selling stock tokens, which are crypto tokens representing shares of publicly traded companies. These tokens are backed by real shares held in a brokerage account, ensuring price parity between the token and the underlying asset. Reflection enables 24/7 trading and fractional ownership, allowing users to invest in any dollar amount down to $1. The platform supports stablecoins like USDT and RUSD for purchasing stock tokens and uses Fireblocks for securing system wallets and processing blockchain transactions.
Target Audience
Reflection targets individual investors seeking increased flexibility, fractional share ownership, and 24/7 trading access to publicly traded companies through cryptocurrency-based stock tokens.
Features
- 24/7 trading of stock tokens, enabling trading outside of traditional market hours
- Fractional share ownership, allowing investments in any dollar amount
- Stock tokens backed by real shares of stock held in a brokerage account
- Support for USDT and RUSD stablecoins
- Integration with MetaMask and WalletConnect for wallet connectivity
- Real-time price matching between stock tokens and underlying stocks
- Quarterly audits by a third-party company to verify backing of stock tokens
- Secured by Fireblocks, using MPC technology for private key management
- Stock tokens are transferrable on the blockchain