Estonia Based Dx.Exchange Starts STO Trading
Dx.Exchange has recently announced that they have started listing Security Tokens (STOs).
The listing page reads:
“Currently there is a demand amongst blockchain and crypto entrepreneurs to raise funds via Security Token Offerings (STOs). STOs are swiftly replacing ICOs, and this noticeable shift is largely driven by softening demand from retail investors for who have lost confidence in the unregulated ICO instrument. We now offer every eligible company in the industry the possibility to take its business to global, by connecting the old financial world with the new digital asset marketplace. DX offers a one-stop shop for established businesses, startups, and real-world assets to become tradeable securities. This is a true definition of blockchain utility, and the dawn of the Digital Asset Revolution.”
Currently, the platform is functioning in a closed regime for some 8,000 pre-registered users with the main launch planned for April. Users can currently trade 10 cryptocurrencies including bitcoin, ether, litecoin, bitcoin cash, OmiseGo, XRP, and others.
Daniel Skowronski, the exchange’s CEO clarified that all tokenized securities must be compatible with ESMA’s latest guidelines and the MiFID II rules. With this module, the DX Exchange received a mainstream interest by crypto enthusiasts across the world. virtual stocks traded on its platform can be split and offered in fractional tokens, which enables users to build diverse portfolios with low costs and in smaller values. Additionally, the fractional trading feature also eliminates the barriers that many investors face when trying to invest in a diversified portfolio of listed securities.
DX.Exchange is the first complete Digital Asset Exchange that allows institutions and individuals to Buy & Sell Cryptocurrencies, Digital Stocks and Digital ETF’s with crypto or fiat. DX was built on Nasdaq’s market-leading matching engine and market surveillance technology. Their vision is to help create wealth for people all over the world no matter their social economic situation.