Time to Buy Tokenised Stocks; Crypto Startup to Change Market

Time to Buy Tokenised Stocks; Crypto Startup to Change Market

It is going to be a new way to trade stocks while using cryptocurrencies and it will change everything. Estonian based crypto exchange DX.Exchange announced the launching of its new platform that will allow clients to use cryptos while buying stocks.

Regulated European exchange will offer investors to buy stocks directly in 1:1 basis with cryptocurrencies. So, crypto investors that are looking for ways to diversify portfolios will have the ability to enter other markets through the DX.Exchange platform.

“We saw a huge market opportunity in tokenising existing securities,” said Daniel Skowronski, DX.Exchange CEO. “We believe that this is the beginning of the traditional market’s merge with blockchain technology. This is going to open a whole new world of trading securities old and new alike.”

The company will open its new platform to the public on January 7 with tokenised stocks of the most popular companies in the stocks market, including Nasdaq listed companies such as Facebook, Tesla, or Google among others.

The platform, that works in full compliance with the European regulation MiFid, will use smart contracts to represent stocks. It will buy and hold the real stocks according to the demand on the platform. Tokens will be based on the Ethereum network.

The tokenised option will be provided by the Cyprus company MPS Marketplace Securities Ltd. Digital stocks will be backed 1:1 with the conventional equities and trading will be around the clock, 24/7.

“Henceforth, when they become a token holder, they own stocks or portions of the company’s stock, as the tokens are backed 1:1 to the real-world stocks. That makes them entitled to the same cash dividends that the stocks are worth,” COO Amedeo Moscato confirmed.

The technology behind DX.Exchange is based on Nasdaq’s Financial Information Exchange, the FIX, a neutral standard protocol that shares and match information between two parties. According to the press release, the platform will be able to provide APIs to allow integrations with market makers, liquidity providers, hedge funds, and algo traders.

DX.Exchange has plans to expand to other companies in the Nasdaq listing, but also the New York Stock Exchange, Tokyo and Hong Kong.

Recently Similar News

Latest Guides

Latest News

Blockchain,Casino,casinos,Cryptocurrency

Bao Casino Offering High Roller Bonus

Bao Casino, the online cryptocurrency based casino, is offering a large bonus for high rollers. Bao Casino, the online cryptocurrency based gambling site, is offering a new bonus for their high rollers. It is very easy to qualify for this promotion and is available to anyone who has the capital. For a limited time only, […]

21 September, 2020
Binance,Blockchain,Cryptocurrency,Exchange Platforms

Binance Visa Cards Are Now Available in Europe

Binance, the largest cryptocurrency exchange online, has recently released a Visa card in Europe, allowing users to get up 8% cashback on all purchases. Binance, the world largest cryptocurrency exchange, has partnered with Visa in order to continue their expansion into the European market and released the Binance Visa card. This card is available to […]

21 September, 2020
CFD Trading Platform,Cryptocurrency,Exchange Platforms,Trading

IQ Option Identifies Some of the Biggest Obstacles in Trading

IQ Option, the CFD and cryptocurrency trading platform, has recently created a blog post highlighting some of the biggest obstacles traders face when trading. IQ Option, the online cryptocurrency and CFD trading platform, has released a blog post highlighting some of the biggest and most challenging obstacles a trader can face while conducting their trades. […]

20 September, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Trading

Kraken Wins First Ever U.S. Bank Charter Approval For A Cryptocurrency Exchange

Kraken, the online cryptocurrency exchange, has been granted regulatory approval to be the first cryptocurrency firm with a Special Purpose Depository Institution (SPDI). Kraken, the large cryptocurrency exchange, has recently been granted approval to operate as the world’s first Special Purpose Depository Institution (SPDI), which for now is being called Kraken Financial. The license was […]

20 September, 2020
Binance,Bitcoin,Decentralised,Ethereum

Binance Reviews The Month In Cryptocurrency And Highlights DeFi

Binance, the online cryptocurrency exchange, has released their monthly review, highlighting the historic rise of decentralized finance. Binance, the largest cryptocurrency exchange in the world by volume, has recently released their monthly review of the cryptocurrency space, highlighting the massive growth in the decentralized finance (DeFi) sector. Besides the launch of Binance Smart Chain, Binance […]

18 September, 2020
Bitcoin,Coinbase,Cryptocurrency,Decentralised

CoinMarketCap Identifies Bullish Events for Bitcoin and Explains the Drama Behind SushiSwap

CoinMarketCap, the world’s largest cryptocurrency market cap aggregator, has released an opinion piece on events surrounding Bitcoin and all the drama behind the SushiSwap saga. CoinMarketCap, the large online cryptocurrency market capitalization aggregator, has created an analysis on events surrounding Bitcoin and the craziness surround the latest DeFi craze, SushiSwap. The main event related to […]

18 September, 2020
Decentralised,Ethereum,Exchange Platforms,Trading

Uniswap Launches UNI Governance Token With Airdrop

Uniswap, the large decentralized exchange, has recently launched their governance token, UNI, and have given away 15% of the token to users. Uniswap, the Ethereum based decentralized exchange and decentralized financed (DeFi) application, have recently launched the governance token, UNI, and have airdropped a large portion of the token supply. All in all, Uniswap distributed […]

17 September, 2020
Bitcoin,Changelly,Cryptocurrency,Exchange Platforms

Changelly Explains The Concept of Short Selling

Changelly, the online cryptocurrency exchange, has recently released an article on short selling and how you can take advantage of it as a user. Changelly, the larger online cryptocurrency exchange, has created a blog post highlighting short selling and what their users can do to take advantage of this trading feature. Short selling can take […]

16 September, 2020