digital trading platform DX Exchange will begin offering tokenized on the next week, the company confirmed in a press release Jan. 3.
DX, which will reportedly be the first exchange to offer such trading in a fully regulated environment in the , will use Financial Information exchange (FIX) protocol to deliver the product.
According to the company’s press release, users will be able to purchase tokens that will be backed by stocks in various major companies, including , and .
The shares will be purchased on users’ behalf by MPS MarketPlace Securities Ltd., with which DX has an exclusive partnership agreement.
“Digital stocks combine the best of both worlds: blockchain technology and traditional stock investments,” the company explained in the press release, continuing:
“Digital stocks are backed 1:1 to real-world stocks traded on conventional stock exchanges. You purchase tokens for leading assets that you choose to invest in, such as Google, Amazon, etc. Therefore, when you are a token holder, you own shares of the company.”
DX as a concept in May last year, with the latest move making it a regulated trading environment for cryptocurrency, and digital stocks.
Nasdaq has already dedicated itself to a future involving cryptocurrency and blockchain technology, with its own contracts in the first half of 2019.
In December, the company’s venture arm was one of of a $27.5 million funding round in ErisX.
Published at Thu, 03 Jan 2019 12:30:00 +0000
