Switch to the dark mode that's kinder on your eyes at night time.

Switch to the light mode that's kinder on your eyes at day time.

Nasdaq-Powered Exchange Tokenizing Stock Trading to Launch

Nasdaq Powered Exchange Tokenizing Stocks Trading to Launch
Nasdaq Powered Exchange Tokenizing Stocks Trading to Launch

Digital trading platform DX Exchange will begin offering tokenized stocks on the Ethereum blockchain next week, via Nasdaq’s Financial Information exchange (FIX) protocol, the company confirmed in a press release Jan. 3.

DX will reportedly be the first exchange to offer such trading in a fully regulated environment in the European Union, and will use Nasdaq’s Financial Information exchange (FIX) protocol to deliver the product.

According to the company’s press release, cryptocurrency users will be able to purchase tokens that will be backed by stocks in various major companies, including Google, Facebook and Amazon.

The shares will be purchased on users’ behalf by MPS MarketPlace Securities Ltd., with which DX has an exclusive partnership agreement.

“Digital stocks combine the best of both worlds: blockchain technology and traditional stock investments,” the company explained in the press release, continuing:

“Digital stocks are backed 1:1 to real-world stocks traded on conventional stock exchanges. You purchase tokens for leading assets that you choose to invest in, such as Google, Amazon, etc. Therefore, when you are a token holder, you own shares of the company.”

DX first appeared as a concept in May of 2018, with the latest move making it a regulated trading environment for cryptocurrency, fiat currency and digital stocks. Nasdaq has already dedicated itself to a future involving cryptocurrency and blockchain technology, with its own Bitcoin futures contracts rumored to launch in the first half of 2019.

In December, the company’s venture arm was one of three major backers of a $27.5 million funding round in cryptocurrency exchange ErisX.

What do you think?


Leave a Reply

2 Pings & Trackbacks

  1. Pingback:

  2. Pingback:

Leave a Reply

Your email address will not be published. Required fields are marked *





Popular Game Fortnite Accepts Monero Cryptocurrency in Merch Store

Gaming Giant Fortnite Allows Users to use Monero Cryptocurrency in their Merchandise Store

BitTorrent Is Launching Its Own Cryptocurrency Using the Tron TRX Network

BitTorrent Is Launching Its Own Cryptocurrency Using the Tron (TRX) Network

Back to Top

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.

Send this to a friend