Solving A $23 Billion Problem
Covid-19 caused tens of thousands of businesses to close and those that remained were severely weakened. The government provided loans. But every business owner knows that it takes equity to sustain and grow a business. Altogether, roughly $23 billion of equity capital was depleted from New York businesses.
Salomon realized that New York businesses need a way to generate capital so that they can recover. That's why we developed the first of its kind trading platform that allows local New York businesses to sell securities to local NY investors. New Yorkers helping NY to recover.
We Love New York
New York businesses can apply to have their securities quoted on State Stox New York ("State Stox" or SSNY"). SSNY exclusively quotes New York companies.
SSNY is designed to provide liquidity for investors that buy New York companies.
Investors want to know they can sell securities when they need cash. If a security cannot be sold or is hard to sell, investors will demand a significant discount to the intrinsic value. State Stox liquidity make for a more efficient market because issuers do not have to discount the securities they sell to investors.
One way to visualize the efficiency provided by liquidity is to picture surfers riding a wave. The liquidity of the water allows surfers to move quickly .
Find out more at statestox.com
A Leader in Fintech Innovation
Salomon has sponsored and developed State Stox and its a trading system. The trading systems is very efficient and uses advanced blockchain technology. SSNY will start trading in early 2022.
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