Description
Reflection is a platform for purchasing and redeeming stock tokens, which are crypto tokens representing shares in publicly traded companies. The platform ensures that the token price closely matches the associated stock price. When a user buys stock tokens, Reflection simultaneously purchases an equivalent number of real stock shares, holding them in a brokerage account until the user redeems their tokens. This ensures that investments are secured by actual shares, not crypto derivatives. The platform's security is enhanced by using Fireblocks for hosting system wallets and processing blockchain transactions, leveraging MPC technology to protect private keys. Reflection also offers 24-hour trading for many US stock tokens, allowing for overnight trading, with trades outside market hours still being secured by real shares through access to overnight liquidity pools. The platform facilitates the trading of stock tokens and includes a stablecoin, RUSD. It aims to provide liquidity and outlines its fee structure, asset security measures, and anti-money laundering policies in its white paper.