STO Global-X, a Singapore-based technology company, announced on Thursday the global release of its institutional-grade, end-to-end digital asset exchange solution, STO Global Exchange (STGX). The launch is done through STO Global-X’s partnership with BMI Capital Partners International and Coinstreet Partners.
According to STO Global-X, the STGX platform allows licensed institutions and digital asset exchange operators to offer asset tokenization by creating security tokens and facilitating the investment and ownership of these digital assets through a fully-compliant process. While sharing more details about the platform, Chan Heng Fai, chairman of BMI Capital Partners International, stated:
“The traditional Initial Public Offering (IPO) process is both costly and time consuming for management teams. In today’s highly volatile markets, companies must be able to respond to changing markets by rapidly securing capital when needed. Present capital market conditions do not efficiently support IPO’s of small and medium size companies (SMEs). STOs can provide an alternate, cost efficient way to fund the growth of SMEs. We are very pleased to collaborate with STO Global-X to capture opportunities in the new era.”
Floyd DCosta, CEO of STO Global-X, commented:
“Security Token Offerings will radically transform the traditional world of finance. STO Global-X is poised to enable this new digital tokenized asset paradigm and pave the future of capital markets. Our integrated technology platform allows for institutions to issue, manage and trade tokenized securities, putting real world assets into fractional ownership on the Blockchain.”
STO Global-X then noted STGX is designed as an open-access platform which can easily integrate with external applications/systems as well as with industry/vertical specific solutions, in key areas ranging from tokenization/issuance, digital asset custody, high-frequency trading, market-making, payment processing, international settlements, and adoption of industry-standard frameworks and interoperability protocols. It was also revealed:
“As an institutional-grade digital asset exchange platform, STGX features a comprehensive trading engine, extensible order book and integrated custodial services, making it a novel platform for global investors as well as professionals to issue and trade tokenized securities. Designed and engineered from the ground up with security and compliance at its core, STGX includes integrated registration, KYC, approval and reporting functionalities that allow institutions to tick all the boxes and comply with relevant regulations.”
STO Global-X added it is exploring partnerships with licensed institutions across multiple jurisdictions, to host and operate regulated Tokenization Platforms and Digital Asset Exchanges.