“As part of its official launch, the Mastercoin Foundation is also creating a new distributed exchange where traders can buy, sell and trade Bitcoins through the Mastercoin layer, as well as conduct other smart property transactions and activities like sales and fund transfers. The foundation will not have an operational role in the exchange itself.  Mastercoin (MSC) is a crowdfunded, Bitcoin blockchain currency layer that allows for a plethora of new digital currencies and property sales to be created through the Bitcoin blockchain. The Mastercoin Protocol removes the typical broker level (and fees) from financial transactions, restoring trust as the keystone element in trade.”

http://www.marketwired.com/press-release/backed-5-million-funding-4700-btc-mastercoin-is-building-flexible-new-layer-money-on-1859067.htm

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