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DSTOQ launches security token stock exchange

Tony Zerucha

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DSTOQ has secured €1.7 million in funding for its decentralized stock exchange. It is poised to launch a licensed platform enabling peer-to-peer trading of security tokens such as equities, bonds, ETFs, oil, gold and stocks.

The organization worked in stealth to obtain a stock exchange license that allows for investments using cryptocurrencies such as Bitcoin, Ether, and their own currency, the DSQ Token. They are leveraging blockchain technology to launch a borderless and regulated securities exchange.

The DSTOQ team has successfully delivered a proof-of-concept that is fully integrated with the Stellar Decentralized Exchange. This enables peer-to-peer trading of security tokens with trade execution and settlement times between two and five seconds. This makes DSTOQ up to 100,000 times faster than traditional stock exchanges, where settlements usually take 2-5 days, they said.

DSTOQ said its vision is to simplify fundraising for companies around the world. This will be achieved by using blockchain technology to tokenize securities that can be offered on the DSTOQ platform. The end goal is to create borderless capital markets which promote economic inclusion worldwide. The team is led by Craig McGregor, an ex-Bloomberg Equities Analyst, and supported by an experienced team with backgrounds in companies like VISA, the Stuttgart Stock Exchange, IBM, and Rocket Internet.

“Many companies in the space claim to be launching platforms for security token trading, but if you look closely, none of them have actually obtained licenses yet,” Mr. McGregor said. “We are proud to have achieved a license in January 2018. Since then, we have been working in stealth to build our product. Launching our MVP is a huge milestone – not only for us as a company, but for the cryptocurrency industry as a whole.

“The tokenization of real-world assets is an important step towards bringing cryptocurrencies into mainstream financial markets and we are proud to be the first company to have achieved this on a fully licensed platform. We are excited to launch the DSTOQ Exchange in the coming months and to fulfill our mission of providing high growth opportunities to investors worldwide.”

“Blockchain technology is rapidly transforming financial services, and DSTOQ’s approach to trading tokenized assets is revolutionary,” DSTOQ’s head of capital markets Christopher Schuetz said. “We are excited to come out of stealth and look forward to providing a secure and efficient solution for our users worldwide.”

DSTOQ Team

Craig Mc Gregor, co-founder – ex-Bloomberg Equities analyst.

Karoline von Tschurtschenthaler, managing director – attorney, strategist and blockchain advocate.

Christopher Schuetz, head of capital markets – former executive of CRX Markets AG,  & Stuttgart Stock Exchange.

David Holtzman, lead technical architect – early Internet pioneer, designer of the global DNS registration system.

Horatio Huxham, former chief science and security officer at VISA.

 

DSTOQ Advisors

Emin Mahrt, COO of the Aeternity blockchain

Fabian Gompf, product manager at Parity Technologies

Meinhard Benn, founder of SatoshiPay

Tembine Hamidou , token economics advisor

Dr. Alexandra Mikityuk, security advisor, head of blockchain architecture at Telekom Innovation Lab

Dr. Franziska Leonhardt, strategic advisor, former general counsel of Rocket Internet SE

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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