DACX strategically aligns with LCS
DACX and London Crypto Services Form a Strategic Partnership.
Europe’s leading “blockchain for business” event, Blockchain Summit London, took place this year at Olympia, Kensington. The two-day conference and exhibition dedicated to the business of blockchain and distributed ledger technology (DLT) brought together many of the industry’s leading tech houses including Oracle, IBM, SAP, ConsenSys, Alibaba and Dell Technologies.
Amongst the audience of business decision makers were the founders of DACX and London Crypto Services (LCS), who on the second day of the event discussed forming a strategic partnership to leverage the prominent standing of both companies within the blockchain space. Dialogue over the ensuing weeks remained positive, culminating in an agreement to engage in a strategic partnership focused on close collaboration between the two companies.
Both companies anticipate fruitful collaboration and anticipate that DACX’s security credentials will be enhanced through ongoing security audits performed by LCS blockchain security experts.
LCS is a leading blockchain security firm, offering a wealth of expertise to those operating in the blockchain space. LCS was founded with one core principle: to provide customers with reliable, concise and cost-effective audits of smart contracts.
In addition to the performance of technical audits, LCS provides assurance services and independent opinions of blockchain projects. Such projects include cryptoasset exchanges, hot wallets and cold storage solutions. All work performed is treated as strictly confidential and the publication of reports is purely at the discretion of our clients.
Digital Asset & Commodity Exchange leverages artificial intelligence and high performance computing technology, optimized towards providing an efficient, secure and compliant marketplace with product solutions for both institutional grade and retail clientele. Our emphasis is on fractionalisation of all forms of assets and commodities via tokenization. To bring more opportunities for inclusion for all types of investors, which in turn adds further liquidity to these traditional markets.
DACX is bridging the divide between physical commodities and digital assets, promoting the re-utilization of finite resources to drive the global circular economy. Hosting advanced security features. DACX implements machine learning for real-time market surveillance to prevent suspicious activities and security threats & utilizes KYC/AML on-boarding for its clients.
Jason Tucker-Feltham, founder & CEO of LCS, commented
“Today’s announced partnership is an exciting one. DACX uses DLT, AI, and high performance computing to offer a secure and compliant marketplace. One of its offerings, and what DACX has proceeded to test in a global regulatory sandbox, utilises DLT and machine learning to facilitate cross-border transactions of multi-currency payments, assets and commodities via tokenisation, smart contracts and escrows. This is an ambitious offering that will benefit from periodic reviews performed by leading security audit firms such as LCS. I envisage a close collaboration between LCS and DACX going forward.”
Zeeshan Chaudhry, founder and CEO of DACX, said
“I am pleased to announce our recent strategic alignment with LCS. It is imperative for any responsible and compliant exchange platform to have access to such independent security audit & regulatory advisory firms. LCS with its dual offering would collaborate as an additional layer for due diligence and compliance. Blockchain aspects of prospective projects for primary token issuance or secondary trading would undergo independent scrutiny enabling to complete an in-depth evaluation process”