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IX Swap seeks to solve the systemic lack of liquidity that has gripped the security token offerings (STO) and also the tokenized security offerings (TSO).
IX Swap, a decentralized exchange that focuses to solve the liquidity issues for the security tokens and tokenized stocks, has set its launch for the IDO platform on September 8, 2021. According to the firm through a press release, Occam, ETHpad, and Poolz will be the first projects to conduct a token sale.
“There’s growing interest among institutional investors for DeFi solutions that are accessible to them by virtue of being compliant with regulatory requirements and speaking the same language as traditional finance. Security tokens and tokenized securities are the bridge between these two worlds. We’re frankly surprised that the opportunity to provide liquidity for these markets has been overlooked by the industry,” said Julian Kwan, Co-founder, IX Swap,” the platform noted in the press release.
IX Swap seeks to solve the systemic lack of liquidity that has gripped the security token offerings (STO) and also the tokenized security offerings (TSO). Notably, institutional investors have identified a gap in the said market and several venture capitalists came together to help IX Swap in its endeavors.
IX Swap and the Market Outlook
Notably, prior to its initial DEX offering, IX Swap received over $1.75 million from notable institutional investors. Some of the firms that took part in the funding include SMO Capital, Token Bay Capital, Baksh Capital, JST Capital, Faculty Capital, COSIMO Ventures, Tokenomik Inc, Soul Capital, and N2H4 Capital.
As the Defi ecosystem grows to a stable multi-billion dollar industry, IX Swap anticipates to onboard more than $7.5 trillion from price investors to help solve the liquidity problem. “In this sense, IX Swap is bridging the gap between centralized finance and DeFi in an efficient and compliant way. STOs will effectively become ‘a new way to IPO’,”the firm explained.
Notably, the platform has tapped on recent technology including an automated market maker (AMM) algorithm. According to the company, it uses the automated market maker (AMM) algorithm to provide liquidity pools and thus implement them seamlessly. Consequently, token holders of the involved projects can then trade, stake, borrow, lend, and also get involved in a liquidity mining program.