Dima Zaitsev, Head of International PR at ICOBox, comments on the launch of tokenized securities trading
DX Exchange, an Estonian digital trading platform, announced that next week it will begin trading Ethereum-based tokenized securities compliant with EU regulations. DX will utilize Nasdaq’s Financial Information Exchange (FIX) protocol to deliver the product and will be the pioneer in this new market.
DX will offer cryptocurrency enthusiasts and traditional investors the ability to purchase tokens backed by stocks in such tech giants as Google, Amazon, and Facebook. The company will acquire shares on users’ behalf via its exclusive partner MPS MarketPlace Securities Ltd.
DX was founded in May last year, and with the new business strategy in place, it will become a legally compliant trading platform for transactions with cryptocurrency, fiat, and digital stocks. Its reliance on FIX technology is promising: Nasdaq has been signaling for some time that it is committed to a future involving cryptocurrency and blockchain, with its own Bitcoin futures contracts expected to launch in Q1–2 of 2019.
“Dx’s is a forward-thinking move: it is clear that in 2019 the public is eager to invest in securities digitized via blockchain. I strongly believe that legally compliant security tokens are the way of the future,” says Dima Zaitsev, ICOBox’s Head of International PR.