DX.Exchange launches secondary stock token trading
The Estonian marketplace DX.Exchange, created on the platform of the exchange giant Nasdaq, has launched its market for the secondary trading of stock tokens.
Now the exchange allows companies to list their tokens-shares previously issued on other platforms. Institutional investors in Europe can purchase tokens for fiat currency, BTC, ETH, USDT, and XRP. The first token added to the listing will be your own token DX.Exchange IGWT.
According to Daniel Skowronski, co-founder of the platform, the company will eventually deploy its own technology for tokenization of assets, but for now, it will trade in existing stock tokens. As for the site’s own token, 18 million IGWT will be placed through a final offer of tokens-shares for a limited time, and after that 10% of the company's profits will be distributed regularly among the owners of tokens, reports DX.Exchange.
Currently, the platform is closed to approximately 8,000 pre-registered users, Skovronski said, and the main launch of the site is scheduled for April. Now users can trade 10 cryptoactive assets, including BTC, ETH, LTC, BCH, OMG, XRP, and others.
- “Our vision is to bridge the gap between the old world and the new digital world,” Skowronski said in a press release. “We believe that all assets, be they securities, art or real estate, will be tokenized.”
Due to regulatory obstacles, the company does not offer its services to users in the United States and does not plan to do so in the coming months, Skowronski said. Last week, DX.Exchange also added a tokenized ETF trade on its site.