DX Exchange Opens STO Platform Called DXtech Exchange for Eligible Security Token

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

DX.Exchange

DX.Exchange Opens STO Platform Called DXtech Exchange for Eligible Security Token

March 15, 2019

DX.Exchange, which shot to fame after launching tokenized stock and ETF trading earlier this year, has moved a step forward with its plan to include more security token on its platform. Effective today, any eligible security token can submit an application and get listed on the platform.

As per the Estonian startup, all tokenized securities must be compatible with ESMA’s guidelines and the MiFID II rules. With this structure, the exchange is targeting mainstream interest by crypto enthusiasts across the world. The exchange started offering tokenized security big-stocks like Amazon, Alphabet on a blockchain-based contract.
As per the exchange, the tokenized securities or the virtual stocks can be split and offered in fractional tokens, allowing users to build diverse portfolios with lower costs and in smaller values. This allows users to buy high-priced stocks like Amazon or Alphabet at a fraction of cost, thus providing more access.

ICO

The official statement by DX.Exchange reads: “Now, blockchain and crypto entrepreneurs are looking at raising funds via Security Token Offerings (STOs). STOs are swiftly replacing ICOs. The noticeable shift is largely driven by softening demand from retail investors for ICOs, due to lack of investor confidence.”

All US STOs, the digital asset will be tokenized with the help of Ethereum blockchain and will be backed by real-world stocks that will be held by DX.Exchange’s partner MPS MarketPlace Securities Ltd.

In order to make the project successful, the DX Group has restructured into a new entity called DXtech Exchange and will launch the first security token offering on the platform, dubbed IGWT. The IGWT token will be offered in an exclusive private security token and will regularly distribute 10 per cent of the whole group company profits.

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