This article explores the groundbreaking launch of DX.Exchange, a Nasdaq-supported cryptocurrency platform enabling the trading of tokenized stocks representing major tech companies listed on Nasdaq.
Introduction
On Thursday, Estonia-based DX.Exchange announced its official platform launch scheduled for January 7, introducing a revolutionary offering: crypto tokens backed 1:1 by shares of leading Nasdaq-listed companies. Clients can purchase these tokens using cryptocurrencies or fiat currencies, bridging traditional equity markets with blockchain technology.
How Tokenized Stocks Work
Tokenization Process:
- Partnering with MPS Marketplace Securities Ltd, DX.Exchange purchases actual stocks based on client demand.
- Each stock is converted into an ERC-20 token (1 token = 1 share), stored securely in segregated accounts to ensure asset protection.
Client Benefits:
- Token holders gain economic rights equivalent to traditional shareholders, including dividends proportional to the underlying stock’s value.
- No direct stock ownership—clients hold tokens representing equity, simplifying cross-border trading and fractional investments.
Regulatory and Security Measures
Compliance:
- MPS operates under Cyprus Securities and Exchange Commission (CySEC) oversight, adhering to EU financial regulations.
- DX.Exchange complies with Nasdaq’s FIX Protocol, a standardized system for secure securities trading.
Safeguards:
- Stocks are held in independent accounts, insulated from MPS’s operational funds to mitigate bankruptcy risks.
Supported Companies and Features
- Initial Offerings:
Tokens representing shares in AlphaBet (Google), Apple, Amazon, Facebook, Microsoft, Tesla, Netflix, Baidu, Intel, and NVIDIA. Platform Technology:
- Utilizes Nasdaq’s matching engine to prevent market manipulation.
- Integrates with Bloomberg’s Crypto Hub for real-time data.
- Offers P2P crypto trading alongside tokenized stocks.
FAQs
1. Are tokenized stocks legally recognized?
Yes. Tokens are backed by real equities and regulated under EU frameworks, ensuring compliance.
2. How are dividends distributed?
Dividends are paid in cash equivalent to the stock’s dividend value, credited to the token holder’s account.
3. What happens if MPS faces financial issues?
Segregated accounts protect clients’ assets, ensuring stock ownership remains unaffected.
4. Can tokens be traded 24/7?
While tokens are tradable on DX.Exchange, their value is tied to traditional market hours of the underlying stocks.
👉 Explore Tokenized Stock Trading
Conclusion
DX.Exchange pioneers a fusion of traditional finance and blockchain, offering investors seamless access to liquidity, fractional ownership, and regulatory security. This model could redefine how global equities are traded in the digital age.
(Word count: 580 | Expanded with detailed explanations, FAQs, and SEO keywords: "tokenized stocks," "Nasdaq crypto exchange," "ERC-20 equity tokens," "regulated stock trading," "blockchain dividends.")
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