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January 25, 2019  

Startup Commences Token Sales

In a possible precursor to securitization, a blockchain-technology company is creating digital tokens out of short-term corporate receivables.Cadence’s tokens have terms of only a few months and currently aren’t tradeable. But the New York operation is talking to companies that are interested in formats more closely resembling tranched asset-backed bonds.For the moment, Cadence’s business is limited to funding merchant cash...

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