BANKEX Token Exchange Launches as a New Security Token Trading Platform
Issuing and trading of security tokens are emerging as a modern and efficient way for startups in the blockchain scene to raise funds. In 2017, over $5 billion was made available to startups through ICOs, a new model of issuing crypto tokens to the public in a similar fashion to share trading with the public offering of companies.
BANKEX, the leading Fintech Company, recently established its token exchange to facilitate the trading of security tokens alongside the utility models. The BANKEX Token exchange will support multiple token standards such as ERC-1400, ST-20 and the ERC-888 model that incorporates KYC verification methods.
According to BANKEX, its experience and familiarity in the issuing of security tokens was a cause to the launch of their first STO framework. The platform intends to lend services that will cover the entire life cycle of a security token under a diverse set of regulatory framework for tokenization. The services will include BANKEX's digitization, secondary market trading, and burning. These solutions will be accommodated via the BANKEX Digital Deal and will meet both the AML and KYC requirements.
Choosing BANKEX's Token Exchange
There is evidence of a growing interest in assets getting tokenized at a fast rate within real estate, venture funds among other industries, new startups are adopting the STO model, and with BANKEX's seeks to establish a foothold within the market. The move could become a game-changer for startups because they can safely develop and maneuver themselves in the securities landscape thanks to the BANKEX token exchange.
BANKEX, for example, stores its digital assets in the BANKEX Custody service. The cold storage of the Custody services ensures the assets are not lost, and businesses don't experience issues of insecure storage. The storage database server is also secure from human interference since BANKEX's only uses electronic modules to access it. In essence, the wallets under the Custody Service are encrypted, and hacking would need a whole series of nested keys kept within the Hardware Security Module (HSM) on the Amazon cloud.
BANKEX's introduction of their token exchange also presents a new opportunity for algorithm-based spot traders in the crypto market. Since its permits high-frequency trading (HFT) and implementation of the Application Programming Interfaces, users can select their strategies, program their instruction and execute the broker plans. In the future, the BANKEX Token Exchange intends to introduce margin trading in connection with liquidity providers.
BANKEX is also in line to acquire its license from Malta's Financial Services Authority through the Virtual Financial Assets Act service provider. But achieving the Maltese license is the first step to growing BANKEX's reach. The token exchange is also seeking permits from financial authorities in the United States, Switzerland, South East Asia, and the Cayman Islands.
BANKEX is a top Fintech company providing Bank-as-a-Service on blockchain options and the development of the Proof-of-Asset protocol. Its primary product, the POA protocol, utilizes the ERC-20 utility token for payment purposes and the creation of the Smart Assets in the ecosystem.