A NASdaq-powered crypto exchange called DX.Exchange is opening its doors to investors next week. So, it’s just another new exchange, right? No. Not at all.

DX.Exchange

DX.Exchange is a European-regulated crypto exchange, that will allow investors to buy tokenized stock from ten technology companies that currently trade on the NASdaq Stock Market. That’s pretty impressive.

The company is 100 people small. At the helm is chief executive officer Daniel Skowronski who stated that the exchange is “launching with 10 of the top stocks traded on NASdaq first” with plans to add “more as we move forward.”

Backed Tokens

The company can offer tokenized exchanges because of its partnership with MPS (MarketPlace Securities). This firm will back each tokenized stock with an actual share of the purchased company. It is in this way that DX.Exchange is hoping to stand out from the rest.

ERC-20 Tokens

The Exchange will accept trading with ERC-20 tokens and will also have support for 40 crypto trading pairs. The service will be launched next week in Europe but won’t be available in the US until later in 2019.

Some of its starting offerings include Apple, Amazon, Facebook, and Netflix shares.