- Even retail Investors can now participate in digital asset listings on IX Swap’s platform
IX Swap, which operates a platform built on Polygon, and runs the world’s first decentralized exchange for security tokens and tokenized stocks, announced this week that it has received a license from the Securities Commission of The Bahamas.
The license, which has been issued under the Digital Assets and Registered Exchanges Act, 2020 of The Bahamas, allows licensees to operate a digital assets business encompassing activities such as operating a digital token exchange and providing related services. In the case of IX Swap, investors can participate in listings on the IXS Launchpad, which will provide investors access to primary offerings, and on the Secondary Token Exchange which allows investors to trade security tokens, tokenized securities, crypto, fractionalized NFTs, and other digital assets on the secondary market. Retail investors can also participate in other activities on IX Swap’s platform, which includes liquidity provision, liquidity mining, and staking.
Commenting on the milestone achievement, IX Swap’s co-founder Aaron Ong said: “Private market assets such as real estate, startups, and high-growth companies were only available to high-net-worth or sophisticated investors, in the traditional world of finance. But IX Swap’s mission is to change that reality. We are connecting traditional finance and DeFi in new ways, creating this synergy that the world has never seen before. Through tokenization and fractionalization of traditionally large ticket investments, we are breaking down entry barriers to private market assets for retail investors, both big and small.”
Ong also said that IX Swap is seeing a wave of adoption and attention from financial institutions, from the tokenization of securities to ETFs. IX Swap, which has been around for several years, has a mission to bridge the gap between TradFi and DeFi “by bringing automated market maker algorithms and liquidity pools to the security token and tokenized stock markets,” the company has said in previous announcements. IX Swap had previously issued its native IXS token, which is listed on several exchanges, such as KuCoin and MEXC. IX Swap is also built on Polygon, allowing the platform to operate on a decentralized network, further cementing the bridge between TradFi and DeFi.
After being granted regulatory approval in the Bahamas, IX Swap has been inviting investors and traders to visit its portal, which can be found here.
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Only a few select companies have been reported to obtain approval under the Digital Assets and Registered Exchanges Act, 2020 of The Bahamas. Last year, a popular crypto exchange OKX registered as a Digital Assets Business in the Bahamas through a subsidiary, Coindesk reported. Earlier this year, Galaxy Digital, through a subsidiary, also registered as a digital assets business there.
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