crypto exchange sto tokenisation

Ex SpaceX issues stock through an STO

LXDX, the high-speed cryptocurrency exchange founded by a former SpaceX engineer, has announced that it will issue stock through a security token offering (STO).

The tokens of LXDX will represent direct ownership in the exchange, complete with dividend rights. LXDX will issue 5 million tokens that collectively represent a 10 percent ownership share in the exchange and will entitle token holders to 10 percent of the exchange’s quarterly adjusted gross revenue.
Tokens will each be priced at 1 euro, so this financing round will be conducted at a valuation close to $57 million.

More on the STO of LXDX here.

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