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22 March 2023
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Exchange & WalletNews

DX.Exchange launches tokenized ETF products, investing with crypto now possible!

DX.Exchange announces in an official press statement that investors on the platform can now invest with cryptocurrency in Exchange Traded Funds (ETFs). The possibility to invest in tokenized ETFs brings several benefits for investors, according to DX.Exchange in the press statement.

Investors can now invest in a tokenized version of the SPY. This is an ETF that follows the S & P 500, one of the best-known US stock indices. In addition, investments can be made in a tokenized version of an ETF that follows the price of crude oil.

DX.Exchange is an exchange based in Estonia and complies with the guidelines of the European Securities and Markets Authority (ESMA). As a result, the exchange may operate across Europe, and the possibility to invest in tokenized ETFs is therefore possible for all Europeans.

Amedeo Moscato, CEO of DX.Exchange said about the launch of the new service:

From today it is possible to invest with crypto in digital shares and ETFs. Crypto investors who wanted to cover part of their crypto portfolio only had stablecoins or limited other options. Now they can invest in traditional assets from the real world on the blockchain.

According to DX.Exchange, investing in the tokenized ETFs is a lot cheaper with which it wants to attract more investors. In addition, the barrier to entry is lower so that people from developing countries can also invest more easily.

Earlier, the exchange already announced that it also added tokenized shares to the offer. Investors can therefore invest on the platform in tokenized shares of Apple, Tesla and Facebook. For now, trade is only available within the European Union, but DX.Exchange indicates that it intends to expand to the United States in 2019.

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