Sunday 04 September 2022 ▪ 2:00 pm ▪
4
min read – with
Eliminating intermediaries, or trusted third parties, is the ultimate goal of cryptocurrencies and blockchain. With an ever-increasing level of adoption, bitcoin and other altcoins are unnerving institutions as they see their old prey gradually coming out of their cages. Decentralization does not make them happy, apparently. Suddenly, with what Blockstream and Sevenlabs have just released, intermediaries in history will be quickly forgotten.
XDEX, the decentralized exchange blessed by Poseidon
The first exchange is set up by the Poseidon group, supported by Blockstream and Sevenlabs security token for bitcoins and stablecoins for Swiss users. It will support assets that integrate the ecosystem of the queen of cryptocurrencies and allow trading based on the peers to peers.
The name assigned to this exchange is XDEX.
” Introducing XDEX, a new open and decentralized security token and liquid token exchange.
Based on @Liquid_BTC, users can trade assets such as stablecoins, security tokens and any other digital asset issued on Liquid.
This is high finance.
For more information: xdex.ch »
For Lars Schlichting, General Counsel of XDEX, “ the use of P2P infrastructure by financial markets is unavoidable today “.
This is why Poseidon chose the Liquid Network level 2 application, which would help scale bitcoin. It took using Blockstream to do it.
Therefore, asset exchanges like bitcoin, stablecoins (in euros or Swiss francs) and liquid assets will be a privilege for XDEX users. Note that from its launch on 4e quarter of 2022, the latter will also be eligible for ratings exchanges mining of Blockstream or of “ equity sign (or capital sign) Indefinite Fleet.
Plurality of possibilities
As mentioned above, XDEX is supported by:
- Blockstream, a global leader in Bitcoin infrastructure and the author of the Liquid Network sidechain that helps accelerate RC payments and token assets;
- Sevenlabs, a software lab focusing on escrow-free Bitcoin/Liquid app development;
- and Poseidon, this group that supports any company that wants to develop, test and deliver solutions aimed at revolutionizing the global financial system.
Therefore, XDEX authorizes a technological framework including speed, security, confidentiality, P2P exchanges without a trusted third party or the use of all-in-one digital securities that authorizes the management of programmable assets on Liquid.
EDEX, this avant-garde solution is therefore the pride of Adam Back, CEO of Blockstream.
” By leveraging Blockstream’s AMP asset management platform, TDEX’s decentralized protocol, and Liquid’s confidential transactions and speed, XDEX creates a full stack of Bitcoin technology that provides a blueprint for future securities trading and drives further reform of traditional capital markets and disintermediation. “, he specified.
And that’s just the beginning. Since XDEX plans to implement a regulatory framework and expand its scope of activity after receiving a new fintech license from the Swiss Financial Market Supervisory Authority (FINMA). Note that the license is intended to cover exchanges of voucher value or share tokens.
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The blockchain and crypto revolution is underway! And the day the effects are felt on the most fragile economy in this world, against all hope, I will say that I was involved.
