According to a press release given to Bitcoin Magazine, the first decentralized security token exchange for Bitcoin will be launched in Switzerland by Bitcoin infrastructure service providers Blockstream and Sevenlabs along with Poseidon Group.

Blockstream released a video on Twitter introducing the new exchange:

By supporting assets within the Bitcoin ecosystem and enabling peer-to-peer (P2P) trading, the XDEX exchange will effectively eliminate the need for intermediaries to perform transactions.

XDEX General Counsel Lars Schlichting said “the use of P2P infrastructure by current financial markets is inevitable.”

He added:

XDEX’s launch is a milestone during this transition to a more decentralized financial system made possible by Bitcoin and will pave the way for other financial institutions and trading venues to evolve.

Blockstream will provide access to the Liquid Network, a Bitcoin layer-two application used for issuing security tokens and other digital assets. Assets like Bitcoin, stablecoins denominated in the euro and franc, along with other Liquid-based assets will be available to trade. 

Additionally, users will have access to exchange Blockstream Mining Notes and the Infinite Fleet equity token once the platform launches. The launch date for XDEX is anticipated to occur sometime in the fourth quarter of 2022.

Blockstream will also be providing access to Blockstream AMP, which allows users to manage programmable assets on the Liquid Network.

Moreover, users will have constant and transparent access to XDEX thanks to the partnership’s adoption of the TDEX open source protocol, which will be overseen by Sevenlabs.

CEO of Blockstream Adam Back explained:

By leveraging the Blockstream Asset Management Platform AMP, TDEX’s decentralized protocol, and Liquid’s Confidential Transactions and speed, XDEX forms a full stack of Bitcoin technology that is a blueprint for future securities exchanges and leads to the further reformation of the traditional capital markets and disintermediation.

XDEX will first be available as a mobile application for Android and iOS, but the company eventually plans to build a web-based platform that will likely support more assets in the future.

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