DX Exchange, an Estonia-based digital trading platform, in a recent statement on Thursday, Jan. 3rd 2019, announced to launch its trading platform on Jan. 7th 2019. The platform will facilitate users to purchase shares of different companies on the NASDAQ listing, as crypto tokens.
The startup platform will use Nasdaq’s Financial Information exchange (FIX) protocol, a vendor-neutral electronic communication protocol that defines an electronic message exchange for communicating securities transactions between two parties, to deliver the product, easing the token purchase process for cryptocurrency users, who will now have option to purchase stocks in various major US companies, including Google, Facebook and Amazon.
The Estonian exchange is in partnership with MPS, MarketPlace Securities Ltd., which will be purchasing shares on users’ behalf. DX claims that Digital stocks i.e. use of blockchain technology in traditional stock investments, combine the best of both worlds. Users can purchase tokens for leading assets that they wish to invest in, such as Google, Amazon, Facebook etc. And once they become a token holder, they will own shares of the company.
DX exchange was just a concept in May last year, the platform’s latest move makes it a regulated trading environment for the cryptocurrency, fiat currency, and digital stocks.