Nasdaq-backed DX.Exchange Launches Its Own Security Token

The DX.Exchange will launch its own security token. The Nasdaq-backed exchange showcases its own original token, called In Good We Trust (IGWT), to demostrate the new security token service and help raise money for the firm. 18 million IGWT tokens will be sold privately with ten percent of the profits from the exchange to be regularly distributed to the token holders. It’s worth noting that there won’t be a minimum investment amounts.

The DX.Exchange is a peer to peer exchange and so the trading of security tokens will be enacted through a counterparty. The exchange’s partner, MPS Marketplace Securities will automatically match buyers with sellers enabling near-constant liquidity. Whereas the DX.Exchange was only launched in 2018, the platform has quickly affiliated itself with some big names in the financial space.

The founder and CEO of the platform, Daniel Skowronski has said that the new security token listing service would help parties from traditional markets buy into the new sector saying “our vision is to bridge the gap between the old world and the new digital world.”

Following on, Skowronski said:

“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.”