Blockstream And Sevenlabs Launch Decentralized Bitcoin Exchange

Blockstream and Sevenlabs, Bitcoin infrastructure service providers, have collaborated with Poseidon Group to develop the first decentralized security token exchange for Bitcoin in Switzerland.

The exchange, XDEX, will support Bitcoin ecosystem assets and allow peer-to-peer trade, effectively removing intermediaries from the transaction.

XDEX general counsel, Lars Schlichting said:

“The use of P2P infrastructure by current financial markets is inevitable. XDEX’s launch is a milestone during this transition to a more decentralized financial system made possible by Bitcoin and will pave the way for other financial institutions and trading venues to evolve.”

Blockstream will give users access to the Liquid Network, a layer-two application designed to scale Bitcoin, allowing them to trade assets such as Bitcoin, Euro, and Swiss Franc stablecoins, and other Liquid-based assets. Users can exchange Blockstream Mining Notes and the Infinite Fleet equity token when it launches in Q4 2022.

Additionally, Blockstream will provide access to the Blockstream AMP, which enables the management of programmable assets on the Liquid Network. Furthermore, because the joint venture is based on the TDEX open source protocol, which Sevenlabs will maintain, users can access XDEX in real time. Adam Back, CEO of the company, said:

“By leveraging the Blockstream Asset Management Platform AMP, TDEX’s decentralized protocol, and Liquid’s Confidential Transactions and speed, XDEX forms a full stack of Bitcoin technology that is a blueprint for future securities exchanges and leads to the further reformation of the traditional capital markets and disintermediation.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News