DX.Exchange, Nasdaq-powered digital exchange platform, has released security token trading and security token offering listing. It was reported that DX.Exchange opened its doors in January this year, with support for a range of fiat and Cryptocurrency trading pairs and tokenized stocks. The company, earlier in March, added its tokenized Exchange-traded fund (ETFs) for its supported products. According to the reports, investors or customers can purchase security tokens using both fiat and Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Tether (USDT).
Moreover, DX Group is also expected to restructure into a new entity, named DXtech Exchange. The security token trading has brought the latest offering enabled by DX.Exchange’s existing partnership with Cyprus-regulated broker MPS MarketPlace Securities Ltd. that has enabled the platform’s provision of tokenized stocks and ETFs. As per the reports, the security tokens’ trading will require investors to experience a further layer of KYC checks (Know Your Customer), with the meeting criteria of EU markets in Financial Instruments Directive II. DX.Exchange, to reveal its new services, introduced STO listing (Security Token Offering) and trading for a security token, named IGWT that will be offered in a private security token sale of 18 million IGWT in a limited timeframe. Afterward, ten percent of the company’s profits will be regularly distributed to IGWT token holders which will own 100 percent of the tokens.
Listing a security token with DXtech Exchange reportedly requires eligibility, includes evaluation by the platform’s investment committee, the provision of a legal opinion, full background vetting, a review of the token’s Blockchain protocol and providing data of distributed token to DXtech Exchange. As per the reports, the platform’s investment committee evaluates security token issuers based on their white paper’s transparency, fundraising method, and team.