Blockchain Platform CDRX to List Two Big Investment and Technology Innovators

Investment firm Parker Wright and tech veteran The Domain Name Company will be listed on CDRX, the innovative fintech platform which allows for the tokenized ownership of assets.

Two big companies will be entering partnerships with blockchainfintech venture CDRX. Parker Wright, a global investment company, and The Domain Name Company, a veteran of the domain name industry, have signed exclusive agreements to list their securities on the platform.

In a CDRX press release published on Medium, Parker Wright announced its intention to raise up to $250m for its Quantitative AI Fund via the CDRX platform.

"Having conclusively demonstrated the performance of our Quantitative AI fund since January 2018, CDRX’s digital asset platform gives us the opportunity to open the fund to a wider pool of accredited investors and execute transactions at a significantly lower cost compared to alternatives " the company was quoted in the press release. "These savings are a game changer for the investment community, which will directly benefit investors in the form of higher net returns."

In a second press release on Medium, CDRX announced that The Domain Name Company, a domain name registration and investor service founded in 1996, announced that its equity would be exclusively listed on CDRX’s digital asset platform. The listing would provide investors with the opportunity to own stakes in a number of digital properties and domain names.

CDRX is a blockchain-based project, which merges traditional financial markets and tokenized digital assets. Apart from supporting new issuance, the platform allows the conversion of existing assets into digital securities via Crypto Depository Receipts (CDRs), enabling the fractional ownership of the underlying assets, letting even small investors own some of the most expensive stock.

CDRX’s method fits existing legal, regulatory and technological frameworks. Following a successful private sale, the company launched its pre-ICO subscription, having already secured commitments of $19 million in private funding.