LXDX, the high-speed cryptocurrency exchange founded by a former SpaceX engineer, has announced that it will issue stock through a security token offering (STO).
The tokens of LXDX will represent direct ownership in the exchange, complete with dividend rights. LXDX will issue 5 million tokens that collectively represent a 10 percent ownership share in the exchange and will entitle token holders to 10 percent of the exchange’s quarterly adjusted gross revenue.
Tokens will each be priced at 1 euro, so this financing round will be conducted at a valuation close to $57 million.
More on the STO of LXDX here.