OpenLedger has announced the launch of the world’s first Decentralized Conglomerate – a platform which allows organizations to invest in each other and share profits in a fully decentralized manner.

The first successful project is a partnership between the BTSR  and OBITS. BTSR is a digital token that anyone can hold to receive a share of the profits of Bitteaser, a blockchain based ad network, while OBITS is a token that shares a portion of all OpenLedger profits with users. Anyone can open an account on OpenLedger and purchase these tokens on the decentralized exchange.

The BitTeaser platform will be sharing 10% of its crowdsale funds with the OBITS community, which will in turn reciprocate.

“A universal shared platform allows organizations to have a common interest in the platform itself, without the platform imposing any control on the organizations that join. This allows individual brand identities to flourish without having to compromise for the larger decentralized conglomerate. In addition, the universal platform creates an ecosystem in which organizations can directly invest in each other”, said Ronny Boesing, OpenLedger founder and CEO of Danish cryptocurrency exchange CCEDK.

Boesing added that the Decentralized Conglomerate model superior to the current paradigm and streamlines the operations of Enterprise-scale organizations.

OpenLedger, a product by Danish cryptocurrency exchange platform CCEDK, is a trustless decentralized exchange that provides fiat gateway with USD, EUR and CNY, a bridge to bitcoin and other cryptocurrencies DOGE, DASH, Peercoin, Litecoin, NuBits, NuShares, BlockShares, and more. It is based on BitShares 2.0 MIT- licensed Graphene blockchain technology.

“The utilization of fully open source code base now enables multiple organizations to join forces and invest in each other’s success through Openledger’s Decentralized Conglomerate. Anyone is welcome to join and participate, and the entire decentralized network reaps the benefits of cross-promotion”, the press release said.