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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 ecxx.co, 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.


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Keywords: ECXX Global, tokens, blockchain, ECXX, Singapore, digital assets, Monetary Authority of Singapore, MAS
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Singapore
This article is part of category

Blockchain & Cryptocurrencies