DX Exchange To Offer Tokenized Stocks On Ethereum Blockchain From Next Week.

DX Exchange To Offer Tokenized Stocks On Ethereum Blockchain From Next Week.

2019-01-04 | Selina Mathew

DX Exchange To Offer Tokenized Stocks On Ethereum Blockchain From Next Week.

In line with a recent press release published by the company, Estonian digital commercialism platform named ‘DX Exchange’ can begin offering tokenized stocks on the Ethereum blockchain next week.

'DX', that is reportedly the primary exchange to offer such commercialism within a totally regulated ecosystem within the European Union,  and will use Nasdaq’s FIX [Financial Information exchange] protocol to deliver the merchandise.

As per the company’s press-release, cryptocurrency users would be able to buy tokens that may be backed by stocks in several major corporations, together with Google, Facebook and Amazon.

The shares would be purchased on users’ behalf by MPS MarketPlace Securities Ltd., with that DX has an exclusive partnership agreement.

“Digital stocks mix the best of both worlds: blockchain technology and  traditional stock investments,” the corporate explained within the release, continuing:

“Digital stocks are backed 1:1 to real-world stocks traded on standard stock exchanges. You buy tokens for leading assets that you simply favor to invest in, like Google, Amazon, etc. Therefore, after you are a token holder, you own shares of the corporate.”

DX firstly appeared as a plan in May last year, with the latest move making it a regulated commercialism trading environment for cryptocurrency, fiat currency and digital stocks.

Nasdaq has already dedicated itself to a 'future' involving cryptocurrency and blockchain technology, with its own Bitcoin futures contracts 'reported' to launch within the Q1 of 2019.

Even earlier in Dec. 2018, the company’s venture arm was one among the three major backers of a $27.5 Mln funding spherical in cryptocurrency exchange ErisX.

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