Crypto Derivatives Exchange Operator LXDX Launches STO

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LXDX, a Malta-based crypto derivatives exchange operator, announced on Monday the launch of its Security Token Offering (STO). The tokens offered for investors will total a 10% share in LXDX and will provide holders with dividend rights. LXDX claims to be the first crypto and digital asset exchange to release security tokens backed by both equity and dividends.

LXDX Tokens are based on Ethereum’s ERC-20 standard and are compliant with Malta’s laws. During the STO event, the company plans to issue five million tokens priced at 1 euro per unit. Each security token provides investors with ownership rights in the company. LXDX will share 10% of its adjusted gross revenue with the token holders on a quarterly basis.

LXDX CEO Joshua Greenwald commented:

“As blockchain technology proliferates, we expect to see increased tokenization of tangible assets like real estate, commodities, and even art. The million token future is just around the corner. We are excited to provide our community a chance to experience the benefits of a true security token.”

Several institutional and professional investors have already expressed their intention to buy LXDX tokens, including Dymon Asia Ventures, Arianna Simpson of Autonomous Partners (former PM at BitGO), and Robert S. Murley, vice-chairman of Credit Suisse Securities (USA) LLC.

LXDX was founded by the current CEO Joshua Greenwald, who is a former SpaceX engineer, and Steven Thomas, former US Navy Cryptologic Technician and top executive at Tower Research Capital. Currently, Thomas is LXDX’s chief technology officer (CTO).

Thomas ensured that the crypto exchange has data protection similar to the infrastructure of intelligence agencies. His team developed real-time encryption hardware modules into the platform’s structural design.

“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,” the CTO noted.

LXDX chose Malta as its legal address certainly because the country has demonstrated its openness to blockchain and cryptocurrency-oriented projects. Malta is one of the few jurisdictions to regulate security token offerings, with its Virtual Financial Assets Act (VFAA) taking into effect on November 1.

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