A Global List of Security Token Exchanges for Digital Securities

One of the major benefits of tokenized securities is that they provide securities with a more efficient exchange and settlement solution, creating digital and programmatic access to traditional securities. Exchanges around the world, both traditional and startup, are implementing the technology to support security token offerings. The following is a regularly updated list of security token exchanges around the world.

To discover STO prices, data, and more, visit stomarket.com

This article was last updated on April 24th, 2020.

Live Security Token Exchanges:

North America

United States

Tzero — https://tzero.com

Status: Live

Securities Focus: Asset Agnostic

Notes: Open to retail non-accredited and accredited investors in the US as well as accredited investors globally. Currently trading one security token, the Tzero Equity Token.

OpenFinance Network — https://openfinance.io

Status: Live

Securities Focus: Asset Agnostic

Notes: Open to accredited investors globally. Currently trading five security tokens, SPiCE VC, Blockchain Capital, Protos, Lottery.com, and 22x Fund.

ISTOX — https://www.istox.com/

Status: In development

Securities Focus: Asset Agnostic

Notes: Testing privately Q4 2019. Aims for full operations in 2020.

Nxchange—https://www.nxchange.com/

Status: Live — Amsterdam

Securities Focus: Equities

Notes: Currently trading Startupbootcamp tokenized IPO.

Decentralized Exchanges

Uniswap — https://uniswap.io/

Status: Live

Securities Focus: Not specified

Notes: Decentralized exchange currently trading a real estate property from RealT. Partnership established for future listings. SEC regulatory approval process unclear at this time.

Security Token Exchanges In Development:

North America

United States

Rialto Markets —https://rialtomarkets.com/

Status: Expected Launch: September 2020

Securities Focus: Agnostic

Notes: Obtained the regulatory approval necessary to commence operations of the Rialto ATS to trade Digital Asset Securities.

North Capital (PPEX)— https://www.ppex.com/

Status: In development

Securities Focus: Agnostic

Notes: Obtained the regulatory approval necessary to commence operations of the PPEX ATS to trade Digital Asset Securities.

Boston Security Token Exchange — https://www.bstx.com/

Status: In development — launch expected in H1 2020

Securities Focus: All asset-backed tokens that meet BSTX standards.

Notes: It will not support trading of security tokens offered under an exemption from registration for public offerings, with the exception of certain offerings under Regulation A. Joint venture between BOX Exchange and tZERO.

Securitize Instant Access — https://securitize.io

Status: In development

Securities Focus: Agnostic

Notes: Private liquidity pool for issued tokens.

Sharespost—http://sharespost.com

Status: Live

Securities Focus: Secondary Sale of Private Equity

Notes: Resale of traditional private equity ownership in unicorn companies. Future securitization expected.

Templum — https://templuminc.com/home

Status: Live

Securities Focus: Asset Agnostic

Notes: No clarity on quality or volume of assets currently being exchanged.

Orderbook by Ambisafe — https://www.orderbook.io/

Status: Live

Securities Focus: Secondary Sale of Private Equity

Notes: Resale of traditional private equity ownership in unicorn companies. Future securitization expected.

Polybird — https://polybird.io

Status: In development

Securities Focus: Agnostic (revenue share agreements, LP shares — HF/PE/VC, private US stocks, private US debt, international stocks, bonds, commercial real estate — debt/equity, infrastructure — debt/equity)

Note: Regulated in the United States but a global platform. Not limited to trading; offering can also be conducted on the platform.

Coinbase — https://www.coinbase.com/

Status: In development

Securities Focus: Not specified

Notes: Currently offering custody services for Blockchain Capital (BCAP) security token. Investment in Securitize issuance platform. Exchange services expected in 2020.

KoreKonX —http://koreconx.com

Status: In development

Securities Focus: Equities

Notes: Open to accredited investors globally. Equity crowdfunding liquidity focus.

VRBex — http://vrbex.com

Status: In development

Securities Focus: Equities

Notes: Open to accredited investors globally. No recent update on exchange launch.

Miami International Exchange —https://www.miaxoptions.com/

Status: In development

Securities Focus: Equities

Notes: Live traditional exchange with new focus on security tokens

Nash Exchange — https://nash.io

Status: In development

Securities Focus: Equities

Notes: Exchange security token launched. No recent update on exchange launch.

New York Security Token Exchange — https://www.nystx.com/

Status: In development

Securities Focus: Equities

Notes: No recent activity.

Glass — https://glassnet.io/

Status: In development

Securities Focus: Equities

Notes: Launched by SharesPost. Huobi, OKEx, OKCOIN partnerships. No recent activity.

Canada

Canadian Securities Exchange — https://thecse.com/

Status: In development

Securities Focus: Equities

Notes: Traditional securities exchange launching STO platform.

FreedomX — https://about.tokenfunder.com/

Status: In development

Securities Focus: Equities

Notes: Recently approved by the Ontario Securities Commission.

Europe

United Kingdom

London Stock Exchange — https://www.londonstockexchange.com/

Status: In development

Securities Focus: Private Equities

Notes: Traditional securities exchange launching STO platform.Successful test trade of 20/30 tokenized equity completed on LSE’s Turquoise equity trading service.

Archax — https://www.archax.com/

Status: In development

Securities Focus: Not specified

Notes: Partnerships with live security tokens and top STO issuance platforms globally.

TokenMarket — https://tokenmarket.net/

Status: In development

Securities Focus: Not specified

Notes: Successful security token equity fundraise. Security token exchange demo is live on site.

MAX Markets — https://www.maxmarkets.net/

Status: In development

Securities Focus: Agnostic

Notes: Awaiting FCA approval.

Germany

Boerse Stuttgart Digital Exchange — https://www.bsdex.de/de/

Status: In development

Securities Focus: Agnostic

Notes: Joint venture of Boerse Stuttgart, Axel Springer finanzen.net, and SBI Group.Regulated digital asset exchange which complies with the German Banking Act.

HQLAx — https://www.hqla-x.com/

Status: In development

Securities Focus: Agnostic

Notes: Joint venture between HQLAx and Deutsche Börse Group that provides market participants with improved collateral mobility across a fragmented securities settlement eco-system on the Corda blockchain.

Deutsche Börse—https://deutsche-boerse.com/dbg-en/

Status: Partnership Signed with Cashlink

Securities Focus: Not specified

Notes: According to a recent press release, investors on the Deutsche Börse Venture Network (DBVN) will be able to purchase and transfer digital assets using tools designed with distributed ledger technology.

Liechtenstein

Blocktrade — https://blocktrade.com/

Status: In development

Securities Focus: Not specified

Notes: Acquired by Cryptix AG in August 2019

Liechtenstein Cryptoassets Exchange — https://www.lcx.com/

Status: In development

Securities Focus: Not specified

Notes: Recently announced the hosting of investment fund token.

Estonia

DX.Exchange — https://dx.exchange/

Status: In development

Securities Focus: Not specified

Notes: Exchange security token launched. Plans to launch full exchange services.

Rokkex — https://exchange.rokkex.com/markets

Status: In development

Securities Focus: Not specified

Notes: Exchange security token launched. Plans to launch full exchange services in 2020.

Netherlands

EuroNext — https://euronext.com/en

Status: In development

Securities Focus: Not specified

Notes: Traditional securities exchange launching STO platform. $5MM investment in issuance platform Tokeny.

Dusk Network — https://dusk.network/

Status: In development

Securities Focus: Not specified

Notes: No recent update on exchange launch.

Switzerland

Sygnum — https://www.sygnum.com/

Status: In development

Securities Focus: Asset Agnostic

Notes: Dual regulatory approval in Switzerland and Singapore. In development.

Six Digital Exchange — https://www.sixdx.com/en/home.html

Status: In development

Securities Focus: Not specified

Notes: Traditional securities exchange launching STO platform. Launch expected in early 2020

Lykke — https://www.lykke.com/

Status: In development

Securities Focus: Equity and bonds

Notes: Launching white label exchange in partnership with Nxchange

STX Exchange — https://www.stx.swiss/

Status: In development

Securities Focus: Not specified

Notes: Plans to list its first security token of Switzerland-based firm Blockimmo equity, IMMO.

Smart Valor — http://smartvalor.com

Status: In development

Securities Focus: Not specified

Notes: Recently launched a fiat to crypto on-ramp exchange. Security token exchange is rumored to be on the way.

Mt Pelerin — https://www.mtpelerin.com

Status: In development

Securities Focus: Asset Agnostic

Notes: Successful share-token fundraise. Live equity tokenization service. Applying to a banking license in Switzerland.

Gibraltar

Gibraltar Blockchain Exchange — https://www.gsx.gi/

Status: In development

Securities Focus: Not specified

Notes: Traditional securities exchange launching STO platform.

INX Exchange — https://www.inx.co/

Status: In development

Securities Focus: Not specified

Notes: Raising capital via foreign IPO on the US stock market.

Malta

LXDX — https://www.lxdx.co/

Status: In development

Securities Focus: Equities

Notes: Exchange security token launched. No recent update on exchange launch.

MSX PLC — https://www.borzamalta.com.mt/

Status: In development

Securities Focus: Not specified

Notes: Traditional securities exchange launching an STO platform with Binance partnership.

OKMSX — No website yet

Status: In development

Securities Focus: Not specified

Notes: Partnership with the Maltese Stock Exchange delayed from initial Q1 2019 launch. No recent activity.

Malta Digital Exchange — http://maltadx.com/

Status: In development

Securities Focus: Not specified

Notes: Working closely with the Maltese Stock Exchange.

ABE — https://www.abe.io/

Status: In development

Securities Focus: Not specified

Notes: Based in Dallas, TX, but the exchange is regulated through Malta/Brussels. Uses depository receipts (DR) to create a wrapper to allow for ownership of foreign equities.

Belarus

Currency.com — https://currency.com/

Status: In development

Securities Focus: Not specified

Notes: Access to global equities tracked by crypto products. Not available to US investors. Beta since January. Mobile app live.

British Virgin Islands

Atlant — https://atlant.io

Status: In development

Securities Focus: Real Estate

Notes: No recent updates on progress.

Asia

Singapore

Sygnum — https://www.sygnum.com/

Status: In development

Securities Focus: Asset Agnostic

Notes: Dual regulatory approval in Switzerland and Singapore. In development.

1exchange — https://www.1x.exchange/

Status: Live

Securities Focus: Equities

Notes: Aggregate Asset Management (AAM) has listed on 1exchange with over SGD 5.6million worth of tradeable private equities representing approximately 5% of the company’s share equity.

Vaultex — http://vaultex.com/

Status: In development

Securities Focus: Asset Agnostic

Notes: License acquired from MAS. Launch expected in 2020.

China

Huobi — https://www.hbg.com

Status: In development

Securities Focus: Not specified

Notes: Extremely large cryptocurrency exchange. Plans to launch security token exchange Q2 2020.

India

Bombay Stock Exchange— https://www.bseindia.com/

Status: In development

Securities Focus: Equities

Notes: Launched a platform to trade digital securities called the Request for Quote (RFQ). The platform enables users to carry out trading activities digitally apart from settlement in debt.

Philippines

Cezex — https://cezex.io/

Status: In development

Securities Focus: Gold and Real Estate

Notes: Plans to go live Q1 2020.

Africa

Seychelles

MERJ — https://merj.exchange/

Status: In development

Securities Focus: Not specified

Notes: Traditional securities exchange that launched a conjoining STO platform. MERJ sold its own equity as a security token in Q3 2019, which is now trading freely on its exchange. Issuance partner Globacap to assist with additional tokenized assets.

Mauritius

HYBSE International Marketplace — No website yet

Status: In development

Securities Focus: Commodities, index funds, ETFs, Equities

Notes: Joint venture between MINDEX Holdings Limited, GMEX Group Limited, and Hybrid Stock Exchange Corporation Limited.

Caribbean

Antigua

Globex—https://globex.site/

Status: In development

Securities Focus: Gold and Real Estate

Notes: Plans to go live Q1 2020.

Jamaica

Blockstation — https://blockstation.com/

Status: In development

Securities Focus: Not specified

Notes: Partnership with traditional securities exchange, the Jamaican Stock Exchange. Plans to go live by Q1 2020.

Barbados

Blockstation — https://blockstation.com/

Status: In development

Securities Focus: Not specified

Notes: Partnership with traditional securities exchange, the Barbados Stock Exchange. Plans to go live by Q1 2020.

Tokenise —https://www.tokenisegroup.com/

Status: In development

Securities Focus: Not specified

Notes: ATS license approved, launch TBD.

Cayman Islands

BnkToTheFuture — https://bnktothefuture.com/

Status: In development

Securities Focus: Asset Agnostic

Notes: Investment platform that acquired Altcoin.io to launch a security token exchange.

United Arab Emirates

DEX — https://dex.ae/

Status: In development

Securities Focus: Not specified

Notes: Crypto exchange based out of Abu Dhabi. No timeline for the launch of a security token exchange.

ADAX — https://adax.ae/

Status: In development

Securities Focus: Not specified

Notes: Crypto exchange based out of Dubai. No timeline for the launch of a security token exchange.

Rest of the World

Greenland

Arctic Exchange — Rumored Security Token Exchange

More Information TBA