Buy Securities on Blockchain

[kenzawak]

https://www.coindesk.com/nasdaq-powered-security-token-exchange-will-launch-next-week

"Estonia-based DX.Exchange announced Thursday that it would launch its trading platform on Jan. 7, allowing its clients to purchase crypto tokens representing shares in different tech firms listed on the Nasdaq exchange. Customers will be able to use select cryptocurrencies, as well as fiat currencies to purchase the tokens.
...
DX.Exchange customers will not be purchasing ownership of shares directly, but rather, will purchase tokens which represent shares in a company
...
MPS Marketplace Securities, Ltd, which DX.Exchange has an agreement with, will purchase the real-world stocks based on customer demand, and generate ERC-20 tokens to represent each share.
...
At launch, MPS said it will purchase shares in AlphaBet, Apple, Amazon.com, Facebook, Microsoft Corporation, Tesla, Netflix, Baidu, Intel Corporation and Nvidia."

[enhu]

Its coming! They are really getting in blockchain now. You could look at this as an adoption to blockchain but the article doesn't mention about user who owns Bitcoin/ETH can buy those tokens to be generated.  Its still something to watch out though.

[Michal_open_source]

Good news and step in a good direction. I hope someday we will be able to hold ownership of companies only in tokens - not tokens that represent shares created in the old way.

[Kemarit]

Very interesting, I don't know if this is the first of its kind but it looks like it bridging the gap specially if investors wanted to invest in Nasdaq thru tokens. We all know that we love to diversify so let's see if this is a intelligent and viable solutions for crypto enthusiast. I'm not surprised though that it comes from Estonia, as it's one state wherein crypto is very much open and there have been reports that Bitcoin Payments Are on the Rise in the Baltics.

[elda34b]

I've known this exchange since months ago. Their launch has been delayed for more than 6 months now, hopefully this time they won't delay it again after hyping it through many media. As a side note, US citizen are not allowed to register on this exchange due to regulations.

[Xardasim]

Wow, I think this is a big improvement. If we are going to be involved in the big companies of America, we have stepped into the future.
In addition, How will MPS Marketplace Securities produce a new coin each time? and if this is going to be stable, why do we need it?

[Ranly123]

https://www.coindesk.com/nasdaq-powered-security-token-exchange-will-launch-next-week

"Estonia-based DX.Exchange announced Thursday that it would launch its trading platform on Jan. 7, allowing its clients to purchase crypto tokens representing shares in different tech firms listed on the Nasdaq exchange. Customers will be able to use select cryptocurrencies, as well as fiat currencies to purchase the tokens.
...
DX.Exchange customers will not be purchasing ownership of shares directly, but rather, will purchase tokens which represent shares in a company
...
MPS Marketplace Securities, Ltd, which DX.Exchange has an agreement with, will purchase the real-world stocks based on customer demand, and generate ERC-20 tokens to represent each share.
...
At launch, MPS said it will purchase shares in AlphaBet, Apple, Amazon.com, Facebook, Microsoft Corporation, Tesla, Netflix, Baidu, Intel Corporation and Nvidia."

Very interesting development, another exchange to be considered and it was a different one than the traditional exchange we already have. Buying shares would be made possible through blockchain and so do as through MPS dx exchange.

[el kaka22]

For starters it is great that they will go out and buy the stocks themselves first, this way you know they have shares ready and you are just buying THEIR shares and not others. This is not some sort of system where people are capable of buying nasdaq and nyse stocks with crypto they have to be honest with you.

This is just a system where you buy stocks from dx.exchange directly and paying them for their stocks which could change prices differently than regular stocks depending on the market they build but more like stablecoin where it only changes couple percent at most.

I would rather see stocks bought with crypto directly instead of this system but it will at least be a start. Blockchain and stocks have great potential together, instead of these new players I hope nasdaq and nyse realizes the potential and work with coinbase or someone like that to make it possible directly from them.

[enhu]

For starters it is great that they will go out and buy the stocks themselves first, this way you know they have shares ready and you are just buying THEIR shares and not others. This is not some sort of system where people are capable of buying nasdaq and nyse stocks with crypto they have to be honest with you.

This is just a system where you buy stocks from dx.exchange directly and paying them for their stocks which could change prices differently than regular stocks depending on the market they build but more like stablecoin where it only changes couple percent at most.

I would rather see stocks bought with crypto directly instead of this system but it will at least be a start. Blockchain and stocks have great potential together, instead of these new players I hope nasdaq and nyse realizes the potential and work with coinbase or someone like that to make it possible directly from them.

It should have been that way. Allowing the BTC and crypto users to buy stocks from NASDAQ will make it beneficial for both markets. They may be able to save the market, it will add the volatility for both while it can also be an opportunity awaiting for the investors. Yes coinbase will make it possible.

[eminemcookie]

This adds one further layer of trust and uncertainty to the market. While they may have all of the stocks etc, what happens when there's a market downturn and they're facing a squeeze. We've seen time and time again that people run in that situation with the funds they've been entrusted. Crypto was designed to allow control of your own funds, this is not that.