Exchanges
“World’s Most Liquid Exchange” ZBX – Malta
Malta is shaping up to be a premier location for security token exchanges. The country’s pro crypto stance and regulatory environment make it an ideal location for those seeking to explore the security token sector. The experienced development team behind the ZBX exchange is one of those entering Malta’s crypto zone in the coming months.
ZBX
The ZBX platform seeks to be among the first fully regulated crypto exchanges in the world. In order to accomplish these tasks, the company must adhere to a number of strict legislative guidelines regarding the sale of securities. Additionally, ZBX must undergo frequent audits. The audits are to be conducted by the big four accounting firms.
Low Fees
ZBX will offer users a unique experience including zero trading fees for certain trial-periods and trading volumes. Also, The platform integrates advanced API technology. Users can connect their account to other ZB exchanges including ZB.com and ZBG. The ZB development team is no stranger to the cryptomarket. ZB.com is one of the top 3 exchanges in the world right now. The exchange has anywhere from 300 – 700 million USD in daily trading volume.
ZBX Exchange in Malta
It’s no surprise that this latest venture raised eyebrows amongst the crypto community. ZBX promises to tackle many of the security token sector’s biggest concerns with their all-inclusive approach to the market. Maltese officials are also excited to have the exchange and the government continues to create a solid regulatory framework for the security token community.
Liquidity is King
When it comes to concerns surrounding the security token sector, liquidity is the main issue usually brought up. Since security tokens can’t be transferred without authorization, developers recognized the need to expand the liquidity of this market. ZBX users gain the advantage of being a part of one of the “most liquid exchanges on the planet” according to the companies CEO Dave Pulis.
FIAT Trading Pairs
According to a recent Forbes report, the exchange will feature fiat trading pairs in both EUR and USD. These tokens will give ZBX investors more options during times of market volatility. Fiat tethered coins are an important part of many people’s crypto investment strategy. This is because these coins are less likely to fluctuate in value because they are pegged to the value of a fiat currency such as the dollar.
Hosting Stable Coins
ZBX will host a variety of security tokens including stable coins. Security tokens can be pegged to other assets such as gold or oil. When a token is pegged to one of these stable assets it’s called a “stable coin.” Stable coins play an important part in the cryptocommunity. Investors use these tokens to escape volatility in the market.
Adding New Security Tokens to the Exchange
Currently, interested parties can their token added to the exchange by purchasing 20 BTC worth of XT tokens. Of course, the platform does have strict guidelines that all listed tokens must follow. Additionally, the platform comes from a solid history of cybersecurity with the websites mother exchange ZB.com, never hacked, despite the exchange entering the market in 2013.
A Complete Package
You should expect great success from ZBX in the coming year. The platform has an experienced team funding their efforts, along with a recognizable network of partners. Malta seems like the perfect place for ZBX to call home. ZBX is now open to European traders.
In preparation for the launch of the highly-anticipated SDX exchange, SIX announced the successful acquisition of a stake in the duara platform. Daura is a token issuance and registry platform which has seen considerable success over the last year. Now, SIX and its team of collaborators seek to utilize duara’s proprietary software to further the SDX exchange’s capabilities.
A Strategic Advantage – SDX Exchange
As part of SIX’s SDX strategy, the firm partnered with Swisscom, Sygnum Bank, Custodigit and daura. The company intends to utilize the best protocols from each platform in the creation of the SDX exchange. Together, SIX’s team seeks to create a complete security token ecosystem. Here investors and businesses can plan, issue, trade, and manage their security tokens from one easy to understand interface.
Discussing the groups’ strategy, Johannes Höhener, daura chairman and Head of fintech at Swisscom spoke on the importance of the joint development work. Höhener pointed out the team’s other tasks. These tasks include helping to create a new standardizing for the tokenization of Swiss assets. She also touched on the company’s plans to expand into operating private blockchains as part of the overall strategy.
Additionally, Peter Schnürer, CEO of daura took a moment to speak on the benefits and security gained from both investors and companies. He explained some of these benefits including the increased transaction speeds. Typically, traditional securities can take days to settle. The SDX system will allow real-time trading and settlement. Impressively, the platform will be able to tokenize assets in just hours.
Players in the SDX Exchange Project
SIX managed to put together an experienced team of blockchain firms to bring the SDX exchange to life. For example, Sygnum Bank continues to make headlines regarding its September launch date as the world’s first digital asset bank. Also, Deutsche Bourse saw heavy publicity this year after it completed a successful proof of concept of its securities trading ledger. These tests proved many of the advantages obtained when settling securities transactions using distributed ledger technology. Notably, the technology can also tokenize and exchange equity and cash tokens
Daura – SDX Exchange
Duara is an advanced digital share register. The firm also specializes in the issuance of security tokens. In the duara ecosystem, one Tokenized share equates to one newly created share. The reduced costs and added speed simplifies the entire share issuance process. Duara enable enables SMEs to sell stakes in their businesses while reducing the costs of crowdfunding campaigns significantly.
SIX Makes Moves
SIX appears to be ready to take the next steps towards the development of the SDX exchange. The firm’s acquisition of duara shares proves that the company is ready and willing to take all the necessary actions to ensure the success of SDX. Consequently, you can expect to see a lot of hype surrounding the launch of this highly-anticipated platform in the coming months.
SBI Investment
It is fair to say that SBI Holdings has decided to go all-in on blockchain based endeavours as of late. This has been made evident through various high profile investments. The most recent of which include Ripple, Securitize, and now Boerse Stuttgart – the latter of which we will discuss here today.
In an effort to usher in higher levels of adoption surrounding digital securities, SBI Holdings has invested in multiple branches of the Boerse Stuttgart group.
- Boerse Suttgart Digital Exchange
- Boerse Stuttgart Digital Ventures
Plans Moving Forward
In their announcement, it is clear that the rationality behind this new partnership is geared around global expansion. With SBI Holdings operating within Japan, and the various branches of the Boerse Group operation throughout Europe, the pair should find the partnership mutually beneficial.
Beyond simple expansion, the pair of companies closed out their announcement by elaborating on their plans. They stated,
“The SBI Group and the Boerse Stuttgart Group are partners in the digital asset business in Asia, including Japan, as well as in Europe. We will work together to build a global digital asset finance ecosystem utilizing blockchain.”
Commentary
Upon announcing these investments, representatives from each, SBI Holdings and Boerse Stuttgart, took the time to comment. The following is what each had to say on the matter.
Yoshitaka Kitao, CEO of SBI Holdings, states,
“Due to the decentralized nature of digital assets, it is our top priority to find globally suitable partners to build our digital asset ecosystem. The SBI Group, with its trading platform for digital assets and other relevant companies, will make full use of the cooperation with the Börse Stuttgart Group to respond to the global customer interest in digital assets.”
Alexander Höptner, Chairman of the Management Board of Boerse Stuttgart GmbH, states,
“Asia and Europe are currently the fastest growing markets for digital assets. With the SBI Group, we have found an ideal partner to realize our vision of an efficient, global ecosystem along the value chain of digital assets. In addition to the exchange of knowledge and technology, the collaboration also covers the issuance, listing and trading of digital assets across borders, as well as brokerage services and building the first global bridge for custody.”
Boerse Stuttgart
The Boerse Stuttgart Group consists of various branches such as Boerse Stuttgart Digital Exchange, and Boerse Stuttgart Digital Ventures. These two branches, in particular, have a focus on blockchain based endeavours, including the eventual creation of a secondary marketplace for digital securities.
SBI Holdings
An acting subsidiary of SBI Group, SBI Holdings, was launched in 1999. The company maintains headquarters within Tokyo, Japan, where they seek out, and establish, strategic partnerships with high potential companies.
CEO, Yoshitaka Kitao, currently oversees company operations.
In Other News
In recent months, each of the companies discussed here today have found themselves in our news feed. Whether launching a digital exchange, or making strategic investments, both companies have been quite active. The following articles are just a couple discussing recent moves by both.
Boerse Stuttgart Launches Digital Exchange
Securitize to Expand within Japan after Recent Investment
Bankruptcy Petition
Unpaid Suppliers
Additionally, a host of suppliers have taken suit against the company. These suits run the gambit from unpaid bills to the alleged fraud. The well-known cybersecurity firm, White Hat Ltd is one of the company’s claiming losses due to DX.Exchange actions. Another lawsuit lists Bee2See Dotan B.S. Solutions. This is the firm that handled DX.Exchange targeted marketing. Even the company supplying the servers never got paid – Malam Team.
Writing on the Wall – DX.Exchange
Employees and suppliers knew to take action earlier in the month after the firm closed its doors unexpectedly. At the time, DX.Exchange owner Pinhas Patarkazishvili cited the rising costs and dwindled profits the exchange had left. He told employees that he was searching for a merger or acquisition and if that he was unsuccessful, the company would permanently cease operations.
DX.Exchange
- DX.Exchange