8 Blockchain Startups To Watch In 2020
Blockchain has inspired entrepreneurs around the world to create hundreds of innovative projects based on new technology, which have the potential to disrupt a variety of industrial sectors.
Investing in these companies comes with significant risk. Among other dangers however, given that initial coin offerings are still unregulated.
Here are some projects you should know about…………..
LONDON, UK / ACCESSWIRE / February 4, 2020 / Digital Asset & Commodity Exchange and US Gold Currency together with Blockfills have partnered to launch the world’s first crypto-gold & fiat stablecoin-gold pairs market.
US Gold Currency, Inc. (USGold) is the issuer of the USG Token, each USG is a digital asset – a direct representation of an American Eagle one-ounce gold coin, minted by the United States of America. The holders of USG tokens given at any time may redeem their USG tokens for the physical gold coin (1:1)………..
[Nasdaq MarketSite] Jane King interviews James Wackett, Regional Business Development for DACX.
The Global Financial Innovation Network (GFIN), a cross-border regulatory sandbox for firms testing innovative financial products, services or business models across multiple jurisdictions, has selected the first eight firms to participate in the programme.
Chaired by the UK’s Financial Conduct Authority, the GFIN comprises 29 regulatory bodies from across the world. In January it put out a call for applications from banks and fintech companies interested in the fast-track opportunities for authorization implicit in the initiative. From a total of 44 applicants, the GFIN has selected eight firms for an initial cross-border trial of the service. These include Onfido, Tradle, Ascent RegTech Starling Trust, Alphapoint, Coinvestion, DACX and Atlant.
Speaking at the Innovate Finance Global Summit, Christopher Woolard, executive director of strategy and competition at the FCA says: “These are propositions that are not just tinkering around …………………………………………
DACX — The Next-Generation Exchange Bridging The Gap Between Crypto And Wall Street !
DACX is a next-generation exchange that seeks to improve on its competitors in the exchange arena in the areas of security, compliance and speed. Not only that, but it will be listing STOs as well as fractionalising and tokenising traditional commodities such as Real Estate and Precious Metals.
In current times crypto exchanges are beleaguered by security threats and hacks which are having a negative impact on their reputation as being safe places to trade; to say nothing of the pejorative mark this leaves on the crypto space as a whole from the perspective of the naysayers from traditional markets who point to these perceived weaknesses as reasons for not entering the ‘wild west’ of crypto………………
DACX, a London based fintech/blockchain start-up located in the famous Technology Accelerator known as LEVEL39. The DACX project was conceived during Q3 2018, with a vision to provide a next generation digital asset exchange which leverages machine learning and DLT to ensure a safe and compliant marketplace. Our goal is to provide a platform for both primary and secondary markets beyond traditional cryptocurrencies, by venturing out into the world of tokenized securities and commodities. Therefore, our product offerings cater solutions to the retail sector, professional and institutional grade clientele.
Since inception, DACX has come a long way, our MVP was launched in January 2019, whereby the team made the decision not to not seek external funding for the project at such a premature stage. This proved influential in driving …………………
DACX is part of the GFIN sandbox; created by the UK’s FCA (Financial Conduct Authority) in order for an elite selection of Fintech companies to collaborate with 17 regulators in jurisdictions across the globe with many contrasting laws. DACX will be looking to exit with full licenses across selective collaborating regions.
The DACX exchange will be using DLT, AI and high-performance computing to deal in multi-currency payments, assets and commodities. With fractionalisaton of commodities DACX hopes to be one of the first exchanges to bridge the divide between crypto and Wall Street. The DACX Foundry is the IEO platform for DACX to which will be added STOs (Security Token Offerings) starting with tokenized Commercial Real Estate in 2020.
Upon an imminent launch DACX will list some of the major cryptocurrencies before then adding stable coins such ………..
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 focussed 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.
The Security Token Alliance, an alliance that brings together organizations advancing the security token industry, is announcing that DACX is among the latest to partner with the Alliance.
DACX is a Digital Asset & Commodity Exchange out of London, leveraging AI and high performance computing tech to provide an efficient, secure, and compliant marketplace. We spoke with the Founder and CEO of DACX, Zeeshan Chaudhry, to discuss the industry and our new partnership.
DACX was an active member for the most anticipated global FinTech event of the year 2019.