Approval paves the way for Daxnet to become the first fully regulated stock exchange to provide primary issuance and secondary market trading exclusively for tokenised securities
London, 3rd July 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 tokenise traditional and new asset classes utilising 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 tokenised 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 tokenised 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 tokenised 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 tokenised 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.
Tokenise provides an end-to-end capital markets solution using blockchain technology to tokenise securities (including; equities, bonds, funds, royalties, private equity, assets and securitisation vehicles), from primary issuance, secondary trading to clearing and settlement. Tokenise is creating a community for entities that are looking to raise money, and for investors looking to invest in these businesses.