Estonia-based DX.Exchange has launched security token trading and security token offering (STO) listings. The announcement was made at the TOKEN2049 conference in Hong Kong. For the first time, both institutional and professional traders will have access to security tokens trading. This move will allow millions of people across the world access to the trade market.
The exchange will allow companies to list security tokens that were previously listed on other platforms. Institutional investors in Europe can use fiat, Bitcoin, Ether, Tether and XRP to buy tokens.The exchange launched last year and uses Nasdaq’s matching engine technology.
Speaking to Forbes, CEO and co-founder Daniel Skowronski said: “We class ourselves as a digital asset exchange and believe everything will look like this in two to five years. We’re opening up the entire financial world industry as a whole and servicing this bottom set of people that have been sorely missed before. Now you can buy as little as ten dollars of a share, instead of having the full amount which a lot of people simply can’t afford”.
Bridging The Gap Between The Old World And The New Digitized One
Initially, only one token will be listed, its own IGWT token. The token’s name is an acronym for ‘In Good We Trust’. Eighteen million IGWT will be offered in a closed STO for a limited period. Ten percent of the exchange’s profits will be regularly distributed to token holders.
Any security token can submit an application to become listed. Skowronski said that the the company will roll out its own technology for asset tokenization, but for now, it will facilitate the trading of existing security tokens.
Although it is a peer-to-peer exchange, trading of security tokens will be executed through a counterparty. Cyprus-regulated broker, MPS Marketplace Securities will automatically match buyers with sellers.
“Our vision is to bridge the gap between the old world and the new digital world,” 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.