ECXX to launch asset-based digital securities exchange

Wednesday 5 August 2020 10:19 CET | News

ECXX Global (ECXX) has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express under the Recognised Market Operator (RMO) regime.

With the approval, ECXX, a company that helps businesses operate digital asset exchanges using blockchain, aims to launch blockchain-based digital securities exchange platform, which offers various asset-based digital securities such as real estate, private equity, venture capital, and investment funds to institutional and accredited non-individual investors.

The tokenisation of assets refers to the process of issuing a blockchain token (specifically, a security token) that digitally represents a real tradable asset (such as real estate) - in many ways like the traditional process of securitisation.

These digital securities could represent a share in the ownership of a real estate, a share in the ownership of a company or participation in an investment fund. These digital securities can then be traded on a secondary market. ECXX has also applied for a license under the Payment Services Act and once approved, it will be able to offer both digital payment tokens and digital securities under two different platforms in Singapore.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ECXX Global, tokens, blockchain, ECXX, Singapore, digital assets, Monetary Authority of Singapore, MAS
Categories: DeFi & Crypto & Web3
Countries: Singapore
This article is part of category

DeFi & Crypto & Web3