Swiss Lykke cryptocurrency exchange has teamed up with Nxchange, a Dutch operator for issuing and trading of securities, to set up a blockchain-based securities trading platform. The project will use distributed ledger technology (DLT) to tokenize a variety of financial instruments, Lykke said in a press release on Monday.

As part of the agreement, Lykke will invest an undisclosed amount of money in the Dutch company and will become an equity shareholder in Nxchange. The crypto exchange will provide the new platform with the needed blockchain technology and virtual asset trading infrastructure, Lykke explained in the statement. The forthcoming trading venue will follow Dutch financial rules as Nxchange is a Multilateral Trading Facility (MTF) regulated by the Ministry of Finance of the Netherlands.

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