Estonian-based digital exchange will use technical products from Nasdaq to offer tokenized securities in major corporations.
DX, which will reportedly be the first exchange to offer such trading in a fully regulated environment in the European Union, will use Nasdaq’s Financial Information exchange (FIX) protocol to deliver the product.
The shares will be purchased on users’ behalf by MPS MarketPlace Securities Ltd., with which DX has an exclusive partnership agreement.
“Digital stocks combine the best of both worlds: blockchain technology and traditional stock investments,” the company explained in the press release, continuing:
“Digital stocks are backed 1:1 to real-world stocks traded on conventional stock exchanges. You purchase tokens for leading assets that you choose to invest in, such as Google, Amazon, etc. Therefore, when you are a token holder, you own shares of the company.”
Source: Cointelegraph https://cointelegraph.com/