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DSTOQ claims security token trading first

The venture says it is leveraging blockchain technology to launch a borderless and regulated securities exchange.

DSTOQ has come out of stealth mode to launch the MVP of what is pitched as “the first fully licensed stock exchange for trading security tokens and investing in real-world assets using cryptocurrencies”.

The venture has secured €1.7 million in funding along with a stock exchange licence from the South Pacific Ocean nation of Vanuatu that allows for investments using cryptocurrencies such as Bitcoin, Ether, and its own currency, the DSQ Token.

A proof-of-concept has been delivered that is fully integrated with the Stellar Decentralised Exchange. This enables peer-to-peer trading of security tokens with trade execution and settlement times between two to five seconds. DSTOQ claims that this makes it up to 100,000 times faster than traditional stock exchanges.

“Huge milestone”

The company is led by Craig McGregor, an ex-Bloomberg equities analyst. He comments: “Many companies in the space claim to be launching platforms for security token trading, but if you look closely, none of them have actually obtained licences yet. We are proud to have achieved a licence in January 2018. Since then, we have been working in stealth to build our product. Launching our MVP is a huge milestone – not only for us as a company, but for the cryptocurrency industry as a whole.”

He adds: “The tokenization of real-world assets is an important step towards bringing cryptocurrencies into mainstream financial markets and we are proud to be the first company to have achieved this on a fully licensed platform. We are excited to launch the DSTOQ Exchange in the coming months and to fulfil our mission of providing high growth opportunities to investors worldwide.”

You can test out the DSTOQ MVP here.

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