Malta based Crypto Exchange LXDX to Issue Security Token Representing Equity Plus Dividend Rights

LXDX, a crypto exchange that claims to operate with “military-grade security protocols,” has announced an initial Security Token Offering (STO). The Malta-based corporation will issue tokens that represent a 10% stake in the company along with dividend rights. LXDX claims to be the first digital asset exchange to offer tokens backed by both equity as well as a recurring dividend payment. The company says that 10% of adjusted gross revenue will be distributed to token holders on a quarterly basis pursuant to the conditions discussed in the Offering Document. The white paper is available here.

Each LXDX token is priced at €1/each with a cap of €5 million. According to the one-sheeter, token holders shall not be entitled to any utility functionality as part of the Token. Only qualified investors may participate in the STO.

LXDX states:

“[Our] matching engine can execute millions of trades per second across millions of assets, providing performance and scalability heretofore unseen.”

LXDX development is led by CTO Steven Thomas, who is said to be a former US Navy Cryptologic Technician who at one time ran the performance and experimental technology teams at Tower Research Capital. The company is emphasizing the security aspect of its exchange as it is well-known that many crypto marketplaces have been hacked and even more have lax security protocols in place. LXDX claims it will be the fastest crypto exchange available today.

Thomas states:

“Between our software, hardware custody solutions, and real-time trade surveillance, we are setting the standard for security and trust in the industry. We’ve structured the LXDX system to enable ultra-secure information compartmentalization.”

LXDX  Tokens will be offered as a security to investors in accordance with Malta and other laws.

LXDX says the following investors have backed their company: Dymon Asia Ventures, Arianna Simpson of Autonomous Partners, and Robert S. Murley, Chairman of Investment Banking for the Americas and Vice-Chairman of Credit Suisse Securities (USA) LLC and limited partner in Pine Point Capital.

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