Nasdaq-backed DX.Exchange Launches Trading in Security Tokens and in STOs

The Nasdaq powered DX.Exchange has officially announced the highly anticipated launch of Security token trading and Security token offerings (STOs).

As reported exchange launched back in January, surrounded by much hype thanks to the nature of its matching machine, powered by stock monolith Nasdaq and its Financial information exchange (FIX) protocol.

The fanfare grew ever more with the detail that the exchange would be listing Nasdaq-traded stock such as Tesla, Apple, and Amazon realized through security tokens represented as ERC-20 tokens and backed by real stocks issued by multi-asset broker, MPS MarketPlace Securities (MPS).

On top of this, the exchange-relayed that they would be enabling STOs allowing startups to raise funds through a fully regulated token offering.

According to the press release, the will provide institutional grade tools for listing digital securities for the secondary market, applicable to any security token.

In order to facilitate this, Forbes tells that the exchange will restructure into DXtech Exchange, as per an announcement from CEO Daniel Skowronski at the TOKEN2049 conference:

“We believe that all assets whether its securities, art or real-estate will be tokenized. This tokenization has many benefits but the strongest is the ability to help create wealth for people all over the world no matter their social economic situation. At DX, we can help trade the untradeable.”

Potential traders will have to undergo know-your-customer checks as per EU regulatory law.

Working alongside DXtech, MPS will list security tokens and act as a counterparty for all trades on the platform; buying from one client and selling to the other.