LXDX, a Malta-based crypto derivatives exchange operator, announced on Monday the launch of its Security Token Offering (STO). The tokens offered for investors will total a 10% share in LXDX and will provide holders with dividend rights. LXDX claims to be the first crypto and digital asset exchange to release security tokens backed by both equity and dividends.

LXDX Tokens are based on Ethereum’s ERC-20 standard and are compliant with Malta’s laws. During the STO event, the company plans to issue five million tokens priced at 1 euro per unit. Each security token provides investors with ownership rights in the company. LXDX will share 10% of its adjusted gross revenue with the token holders on a quarterly basis.

LXDX CEO Joshua Greenwald commented:

“As blockchain tech…

This article appeared first on Cryptovest

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