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Bitfinex Owner Invests $1M in Dusk's Security Token Exchange
The investment from Bitfinex's parent will go on getting Dusk Network's security token exchange off the ground.
Bitfinex parent iFinex has invested $1 million into Dusk Network, a Dutch-based company looking to create a regulated security token platform.
STORY CONTINUES BELOW
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- Announced in a press release Tuesday, Dusk said the capital would go toward a new exchange that will bring new types of tokenized assets to the European market.
- Details remain thin on the ground, but the proposed exchange will list tokenized financial products such as equities, commodities, bonds and exchange-traded funds (ETFs).
- It will be wholly separate from Dusk Network itself, a spokesperson told CoinDesk.
- The exchange will adhere to the second Markets in Financial Instruments Directive (MiFID II) – a European Union regulatory framework for transparency and investor protection – and will, therefore, be able to operate across most of Europe.
- A Dusk spokesperson declined to comment on whether iFinex will receive an equity stake or token share in return for its investment.
See also: SEC Registered Broker-Dealer Is Launching a Security Token-Friendly Platform
Paddy Baker
Paddy Baker is a London-based cryptocurrency reporter. He was previously senior journalist at Crypto Briefing. Paddy holds positions in BTC and ETH, as well as smaller amounts of LTC, ZIL, NEO, BNB and BSV.
