CDRX is Bringing Traditional Equity and Crypto Trading Under One Roof

The CDRX project is developing a platform that will bring together crypto and traditional equity and bond markets to bridge the gap and level the playing field.

Even those with limited knowledge of finance and the economy are aware of equities and bonds, which are among the most popular markets in the world. In 2017 alone, the total value of stocks traded worldwide amounted to $77.7 trillion, according to World Bank data.

Yet, trading and associated corporate actions could be far more efficient in this market segment were it not for drawbacks related to traditional equity ownership, including high administrative and transaction costs, entry barriers, unnecessary paperwork, and slow settlement times.

CDRX aims to address these challenges by leveraging blockchain technology and making the ownership, trading, and issuance of equities faster, cheaper, and more efficient. To achieve this, the project is converting traditional financial assets into new securitized instruments backed by the corresponding underlying securities. These Crypto Depository Receipts (CDRs) reflect full ownership rights and also allow for fractional ownership, opening markets to new investors, both in terms of geography and capital.

The team behind the project believes that the crypto and traditional markets need a bridge, not just to facilitate investors and traders, but to ease regulators into recognizing and accepting the practical benefits of blockchain technology, particularly given how CDRs are designed as the crypto equivalents of American Depository Receipts (ADR), an established and longstanding model.

The CDRX solution can be applied to both, existing financial instruments and new, or “native” issuances. One of the benefits of moving existing instruments to the CDRX platform is having the ability to automate and eliminate most costly overheads and inefficiencies inherent in routine corporate actions, such as voting, dividend distributions, filings, and verifications.

In order to fully realize this vision, CDRX is working on the development of a global exchange for launching, listing, and trading CDRs. The exchange will also support the trading of non-securitized crypto assets like Ethereum (ETH) and Bitcoin (BTC).

CDRX plans to launch the closed beta version 0.9 in the fourth quarter of 2018 and release v1.0 in the first quarter of 2019. The platform, which will operate 24/7, will provide users with global liquidity, high-speed transactions, and numerous institutionally acceptable settlement options.

The exchange, coupled with support for fractional ownership via CDRs, will open the gates for small investors around the world, allowing them to participate in global equities markets and get access to top stocks.

CDRX is starting their pre-sale in 6 days, and you can learn more about it on theirofficial websiteor join theirTelegramfor updates.