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DX.exchange, based in Estonia, has just stepped forward with their full list of encryption pairs and will launch a new platform to tokenise the shares traded on the Nasdaq on the Blockchain.
The platform will support Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), along with Cardano (ADA), OmiseGo (OMG), Enigma (ENG), ShareToken and Digibyte (DGB). The coins will be combined with the USD, with XRP combined with the Yen and the Japanese Euro.
The platform has just been launched today (7 January) and offers securities tokens on the Ethereum blockchain representing the ten largest companies in the Nasdaq: Apple, Amazon, Baidu, Google, Facebook, Intel, Microsoft, Netflix, Nvidia and Tesla.
And finally we are alive! Welcome to https://t.co/gavrexaT1d! Register now to start trading! #exchangeyourway pic.twitter.com/QN1joUR6SE
– DX.Exchange (@DXdotExchange) January 7, 2019
Customers will not directly acquire ownership of shares, but will buy tokens, which will represent the company's shares. They will be able to purchase these tokenized stocks using both cryptocurrencies and legal currencies. Traders will be able to buy and sell these securities with tokens throughout the day, making the closing and opening of the traditional stock market change.
With zero trading fees, foreign investors will also have access to the American stock exchange with more than 500,000 pre-registered people to start trading.
"Although US regulators oversee the initial listing of DX shares, CEO Daniel Skowronski said he does not need US permission to offer this service because DX does not operate there. The company claims to have been authorized by the Estonian financial intelligence unit with full authorization to operate in the European Union. "
Actions with code! With the stocks entering the encrypted realm, 2019 will be the monumental year in which the cryptocurrencies are formally combined with old money.
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