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Converting existing equities and bonds into new securitised instruments

5. Nov 2018 - 23. Dec 2018

CDRX is converting existing equities and bonds into securitised crypto-tokens (aka Crypto Depository Receipts – CDRs). Each CDR gives the owner the legal right to an underlying stock or bond. Stocks (or bonds) are held by a custodian bank/trust on behalf of the token owners, one CDR is backed by one stock (or bond). Buy an Apple CDR, you have the legal right to Apple stock, including dividends, voting and all other shareholder rights. CDRX gives the worlds 3.2bn internet users the ability to trade the worlds $600tn equities, bonds and derivatives in token form. Trade cheaper, faster and fractionally (buy part of a CDR, receive proportional rights to part of the underlying security and all its benefits). CDRX will also offer an institutional grade exchange for both securitised, and non-securitised products (closed beta launch Q4, public launch Q1 2019)