DX.Exchange Bridges Traditional Stocks and Crypto
January 03 2019 - 1:13PM
ADVFN Crypto NewsWire
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Bitcoin Global News (BGN)
Since the creation of Bitcoin, we have seen hundreds of new
cryptocurrencies, including stablecoins that are tied to the US
dollar and other fiat currencies as well as tokens like Polymath
that serve as standards for representing real-world assets on the
blockchain.
Most recently, crypto investors
continue to hope for the SEC’s final decision on whether or not to
allow the VanECK-SolidX Bitcoin ETF to operate. Despite the fact
that a major regulatory agency getting behind an effort like this
would truly be monumental for this space, something occurring right
now might prove to be even more so.
Imagine if traditional stocks in
trusted and valuable companies were represented as crypto tokens
that anyone could invest in with the same benefits that accredited
investors receive by holding the original assets.
What if I told you that is already about to happen?
CoinDesk penned an article today
that claims a company that uses the same technological framework
that Nasdaq uses to allow for trading of digital stocks, will be
putting real shares of titanic companies like Netflix, Facebook,
and Microsoft on the blockchain. If you are asking yourself at this
point how they are going to do that, the reason is fairly
simple.
Apparently, the company in
question, which is an Estonian crypto exchange called Dx.Exchange,
has an agreement with another firm called MPS Marketplace
Securities, Ltd., which stipulates that MPS will purchase all of
the shares that DX plans to host for investors on its’ platform. In
addition to this, future users can look forward to a peer-to-peer
Crypto exchange platform as well as the ability to use fiat to
invest in the same digital representations of these
stocks.
At this time, there is no
indication that interested investors will have to be accredited,
though if you are a United States citizen, expect this to be the
case until the general regulatory situation surrounding
cryptocurrencies proves to be clearer.
By: BGN Editorial Staff
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