07.03.2019

Daxnet Granted Stock Exchange License

07.03.2019

Tokenise International Limited, the Gibraltar-based company that services both the Tokenise and Daxnet businesses, today announced that Daxnet has been granted a Self-Regulatory Organisation (SRO) license by the Financial Services Commission (FSC), Barbados. Daxnet, powered by Tokenise, will launch a multi-jurisdictional platform with a single, unified global order book.

Tokenise will enable issuers to tokenize traditional and new asset classes utilizing blockchain technology, providing streamlined processes and frictionless market access for issuers and investors. These foundations create a full end-to-end solution for capital raising, enabling the primary issuance, secondary trading, clearing, settlement and registration of tokenized securities.

Through this structure, Tokenise aims to create a market and trading infrastructure that will provide wider access, unlock liquidity and deliver flexibility to investors keen to buy or sell tokenized assets – ultimately generating more investment opportunities and offering access to institutional and qualified investors around the world.

Michael Kessler, CEO of Daxnet said: “We are delighted to have been granted the SRO license. We see this as the first step in providing a capital markets solution for entities looking to raise capital through the primary listing and secondary trading of tokenized securities. As a result, this will enable both traditional investment vehicles, such as equities or bonds, and alternative offerings, such as fractional ownership of property and art or royalties and private equity, to be tokenized and traded and ultimately unlock access to greater liquidity.”

Daxnet BB (Barbados) Ltd is an FSC regulated entity in Barbados and welcomes listings from companies based across the globe.

Related articles

  1. Nasdaq is focussed on expanding share in the fast-growing segment of index options.

  2. BGC Group expects to launch FMX Futures in September 2024 to challenge CME.

  3. Outlook 2016: Alexander Lehmann, LSEG

    The exchange is picking up the pace of migrating datasets onto the Microsoft platform.

  4. The Australian exchnage is seeking stakeholder feedback by 18 June 2024.

  5. The German exchange group confirmed its guidance for 2024.