CDRX

CDRX

Trade Equities and Bonds as Securitised Tokens

By converting existing equities and bonds into securitised crypto-tokens (Crypto Depository Receipts – CDRs), CDRX is allowing anyone to invest in financial markets, and buy a piece of any company with as little or as much money as they can afford. Buy an Apple CDR, you have the legal right to an Apple stock, including dividends, voting and all other shareholder rights. Buy 1/50 of an Apple CDR, and receive 1/50 of the rights. Tokenisation allows fractional ownership, lowers costs and shortens transaction times. Each CDR token gives the owner the legal right to the underlying stock or bond, which is held by an independent depository bank/trust on behalf of you, the token owner. CDRX is also building an institutional grade platform that operates 24/7 to allow you to trade both non-securitised tokens (eg. cryptocurrencies and utility tokens) and securitised tokens (eg. CDRs) safely and easily.

Team
Head of Software Engineering
Head of Market Microstructure
Head of eCommerce
General Counsel
Head of Sales & Structuring
Head of Regulatory
advisors
Crypto Marketing
Startup & Blockchain Marketing
Primary Markets
Crypto & Blockchain Growth Hacker
Tech Entrepreneur
Milestones
01-Feb-18
CDR testing began with a closed set of clients.
05-Mar-18
Roadmap for regulator engagement laid out.
07-May-18
Development of Exchange started.
22-Jun-18
Agreement to use (and right to buy) sharemarket.com for Exchange.
15-Jul-18
White paper released to the public.
Q4 2018
Audit and penetration testing of Exchange begins (weekly); Launch of Exchange (ver 0.9) - closed beta; Indices defined; Non-securitised market makers onboarded; Listing service provider agreements signed; Algo toolkit (ver 0.9 beta) launches.
Q1 2019
Release of Exchange (ver 1.0); Rating agency agreement for new issuance signed; Launch of industry think tank – tier 1 banks and brokers, business and technology; Algo toolkit (ver 1.0) released; CCP agreement signed; CDR market makers onboarded; Regulator approvals received (small jurisdictions); Equity CDRs open to the market in approved jurisdictions; Exchange trading of CDRs begins among approved investors; Extension into cash bond CDRs.
Q2 2019
Indices launch and licensing (including 6 months of history); Sponsorship of collaborative R&D programme across industry and universities; Custody service (ver 0.9 beta) launches; Launch of institutional OTC desk.
Q3 2019
Custody service (ver 1.0) released; Extension into derivative CDRs and native issuance; Licensing of liquidity to brokers and banks; Purchase of stake in an authorised and regulated exchange; Release of decentralised Exchange (ver 2.0), non-securitised .
Q4 2019
Regulator approvals received (mid-sized jurisdictions).
Q4 2020
Regulator approvals received (large jurisdictions).
Q2 2021
Purchase of stake in traditional bank enabling improved ‘real-world’ integration.
Financial
token info
Token Name CDRX
Token Platform Ethereum
Token Amount For Sale 200,000,000
Preico Token Price 1 CDRX = 0.5 USD
Ico Token Price 0.5000 USD
Ico Token Supply 50%
investment info
Fundraising Value Unknown
Personal Cap Min 10 USD
Accept Currencies BTC, ETH, Fiat
Soft Cap 5,000,000 USD
Hard Cap 100,000,000 USD
Restricted Areas USA, China
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