Crypto Depository Receipts (CDR's) and native issuance open up a whole new world of finance, removing corporate actions, allowing fractional ownership and almost entirely eliminating transaction costs. Underlying shares are sourced from the market or corporate entity (new issue). CDR's are then issued by the custodian trust on a blockchain which allows voting via smart contract. Each CDR represents a single share, and can be traded in fractions of a share, single or multiple shares. CDR's can be traded on exchange or directly between two parties. CDR's are in testing now.