By converting existing equities and bonds into securitised crypto-tokens (Crypto Depository Receipts – CDRs), CDRX is allowing anyone to invest in financial markets, and buy a piece of any company with as little or as much money as they can afford.
Buy an Apple CDR, you have the legal right to an Apple stock, including dividends, voting and all other shareholder rights. Buy 1/50 of an Apple CDR, and receive 1/50 of the rights. Tokenisation allows fractional ownership, lowers costs and shortens transaction times.
Each CDR token gives the owner the legal right to the underlying stock or bond, which is held by an independent depository bank/trust on behalf of you, the token owner.
CDRX is also building an institutional grade platform that operates 24/7 to allow you to trade both non-securitised tokens (eg. cryptocurrencies and utility tokens) and securitised tokens (eg. CDRs) safely and easily.
Agreement to use (and right to buy) sharemarket.com for Exchange.
15-Jul-18
White paper released to the public.
Q4 2018
Audit and penetration testing of Exchange begins (weekly);<br />
<br />
Launch of Exchange (ver 0.9) - closed beta;<br />
<br />
Indices defined;<br />
<br />
Non-securitised market makers onboarded;<br />
<br />
Listing service provider agreements signed;<br />
<br />
Algo toolkit (ver 0.9 beta) launches.
Q1 2019
Release of Exchange (ver 1.0);<br />
<br />
Rating agency agreement for new issuance signed;<br />
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Launch of industry think tank – tier 1 banks and brokers, business and technology;<br />
<br />
Algo toolkit (ver 1.0) released;<br />
<br />
CCP agreement signed;<br />
<br />
CDR market makers onboarded;<br />
<br />
Regulator approvals received (small jurisdictions);<br />
<br />
Equity CDRs open to the market in approved jurisdictions;<br />
<br />
Exchange trading of CDRs begins among approved investors;<br />
<br />
Extension into cash bond CDRs.
Q2 2019
Indices launch and licensing (including 6 months of history); Sponsorship of collaborative R&D programme across industry and universities;<br />
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Custody service (ver 0.9 beta) launches;<br />
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Launch of institutional OTC desk.
Q3 2019
Custody service (ver 1.0) released;<br />
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Extension into derivative CDRs and native issuance;<br />
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Licensing of liquidity to brokers and banks;<br />
<br />
Purchase of stake in an authorised and regulated exchange;<br />
<br />
Release of decentralised Exchange (ver 2.0), non-securitised .
Q4 2019
Regulator approvals received (mid-sized jurisdictions).
Q4 2020
Regulator approvals received (large jurisdictions).
Q2 2021
Purchase of stake in traditional bank enabling improved ‘real-world’ integration.
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