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The service powered by Nasdaq will be launched on January 7th.
Next week, a new digital exchange promoted by Nasdaq will launch the first titles with tokenised Ethereum securities fully regulated in the EU, according to a recent Bloomberg report.
Dubbed DX.Exchange, the exchange aims to highlight a wide range of large US securities, such as Tesla, Facebook and Apple, and will allow investors to trade such companies even when stock markets are closed.
Based for now in Estonia and Israel, DX.Exchange plans to expand to the New York Stock Exchange, Tokyo and Hong Kong. The exchange will offer digital shares based on shares owned by MPS MarketPlace Securities Ltd. and will include digital tokens linked to 10 Nasdaq-listed companies, all deployed on the Ethereum network, which will adjust the amount of the token to match the DX exchange demand. .
Digital securities will each be supported by a regular share, the report states, with shareholders receiving the same cash dividends, even if the companies are not directly involved.
As indicated in the Bloomberg report, digital stocks could be a promising breakthrough for encryption and investment, as they allow investors to trade stocks without being hindered by the opening and closing of exchanges. In addition, they facilitate the access of US equities to international investors, which means that the American companies included in the exchange could see a wider variety of investments coming from abroad.
Apparently, DX.Exchange will not even need permission from the SEC to launch its service, as the company has already received full authorization from the Estonian financial intelligence unit to operate in the EU.
"We saw a huge market opportunity in tokenization [sic] existing titles, "wrote DX.Exchange CEO Daniel Skowronski in an email." We believe this is the beginning of the merger of the traditional market with blockchain technology. This will open up a whole new world of trading old and new titles alike. "
Source: Bloomberg
Image: Bigstock
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