Ripple [XRP] be part of the first DXexchange digital stock

Ripple [XRP] be part of the first DXexchange digital stock

The announcement of an imminent launch of DXexchange has delighted the Ripple community, such as cryptocurrency it will be one of the first digital currencies to be traded on the new market. On January 7, 2019, with the start of operations, offers a unique platform in the financial sector as it will actually be the first exchange to combine cryptocurrency and securities trading.

The exchange enters the blockchain sphere with the support of the renowned world NASDAQ in the sense that the exchange is based on NASDAQ's matching technology.

In addition, the two entities have reached an agreement that allows the exchange to offer tokens that will allow trading in shares based on companies listed on NASDAQ such as Apple and Tesla. The official twitter page of the exchange reports:

"DX.Exchange is ready to be released! The platform will be launched on January 7th #exchange your way"

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DXexchange is licensed from the Estonian Financial Intelligence Unit (EFIU) and has operational bases in Estonia and Israel. The exchange will be able to trade stocks through digital tokens linked to the stocks listed. This will effectively make holders of all designated tokens, shareholders of the corresponding assets.

"Digital equities are supported 1: 1 on real-world stocks traded on conventional exchanges. Buy tokens for the main businesses you choose to invest in, like Google, Amazon, etc. Therefore, when you hold a token, you own the company's shares. "

In more specific terms, the exchange will be able to execute purchase and sale transactions based on the NASDAQ financial exchange protocol (FIX). Tokens will be technically owned and controlled by another financial entity known as Marketplace Securities Limited, who will also be responsible for issuing them to interested buyers. The exchange has officially recognized this agreement, saying that the company will do it "Issuing tokens that represent actions on Ethereum's blockchain (via smart contracts").

The development was hailed by the exchange as something that has a rare ability to merge blockchain technology and equity markets creating a unique platform in which investors could use digital resources to participate in actions.

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