In addition to a decentralized security token exchange, XDEX users can access an open peer-to-peer market that supports a suite of digital assets and other securities
Riga, Latvia: Bitcoin infrastructure firms Blockstream and Sevenlabs have joined forces with Poseidon Group to build XDEX Finance, a decentralized security token exchange based in Switzerland.
Blockstream will provide support for the Liquid Network and Blockstream AMP integrations, and Sevenlabs will focus on interactions with the open-source TDEX protocol for the collaboration, while Poseidon will follow the regulatory and business development.
XDEX gives investors access to the growing number of security tokens on the Liquid Network, a Bitcoin layer-2 solution that enables fast, confidential settlement and issuance of digital assets.
Expected to launch Q4 2022 on Android and iOS mobile, users will be able to buy and sell security tokens like the Blockstream Mining Note (BMN) and the Infinite Fleet equity token (EXO), as well as trade a full suite of asset types, including other Liquid-based assets, bitcoin, and Euro and Swiss Franc stablecoins, made available through the TDEX protocol. XDEX plans to release a web-based version of the platform and to add traditional securities offerings at a later date.
XDEX will help asset issuers and investors make the leap from centralized to decentralized trading with accessible P2P markets operational 24/7. Users interact directly, without a middleman or third party, allowing them to maintain full custody of their digital assets through every step of the trading process.
XDEX’s technological framework has three primary components:
– Liquid: underlying Bitcoin layer-2 solution enabling digital assets on XDEX to be fast, secure, and confidential.
– TDEX: open-source protocol that XDEX is built on, allowing trustless P2P exchange.
– Blockstream AMP: all-in-one digital securities tool that allows issuers to manage their programmable assets on Liquid.
“By leveraging the Blockstream Asset Management Platform AMP, TDEX’s decentralized protocol, and Liquid’s Confidential Transactions and speed, XDEX forms a full stack of Bitcoin technology that is a blueprint for future securities exchanges and leads to the further reformation of the traditional capital markets and disintermediation.” – Adam Back, CEO at Blockstream
XDEX will also seek a new fintech license covering security token exchanges from the Swiss Financial Market Supervisory Authority (FINMA). The new license would create a regulatory framework and lower the barrier of entry for primary issuances on the platform.
“The use of P2P infrastructure by current financial markets is inevitable. XDEX’s launch is a milestone during this transition to a more decentralized financial system made possible by Bitcoin and will pave the way for other financial institutions and trading venues to evolve.” – Lars Schlichting, XDEX General Counsel
Blockstream is the global leader in Bitcoin infrastructure. Blockstream’s sidechain technology (Liquid Network) enables faster Bitcoin settlements while empowering financial institutions to tokenize assets. Blockstream Mining provides enterprise-class mining facilities for the colocation of Bitcoin mining operations. The Cryptocurrency Data Feed, developed in partnership with Intercontinental Exchange, delivers best-in-class real-time and historical exchange data. Blockstream Green is the world’s most advanced consumer Bitcoin wallet. Blockstream was founded in 2014, with offices and team members distributed around the world.
Seven Labs is a software Lab specialised in Bitcoin / Liquid and trust-minimised application development. Founded in 2020, with offices in Malta and a fully distributed team of technologists bound by the passion for trustless application, privacy, and technologies empowering Self-sovereign individuals. Early contributors of the TDEX protocol – https://tdex.network – and a member of the Liquid Federation.
About Poseidon Group
Founded in 2017, Poseidon Group is leading the new wave in finance. It invests worldwide in companies that develop, test and deliver solutions to evolve the status quo of the financial system.
The Group aims to develop all the necessary tools to create a new financial system completely different from the current one, where it is possible to exchange any kind of value between people without the need for a central counterparty
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