CDRX – Trade Equities and Bonds as Securitised Tokens

    0
    2165
    Token Name: CDRX
    Token Type: Ethereum-Based
    Total Supply: 400000000 CDRX
    Contract Code:
    ICO Starts: October 19, 2018 12:00 am
    ICO Ends: November 30, 2018 12:00 am
    Bonus:
    Bonus Description:

    To be announced later

    Legal Entity:
    Legal Name: CDRX
    Incorporated in: Cayman Islands


    Coinatory Ratings

    Solidity: 5
    Tech: 4
    Vision: 5
    Team: 5
    Community: 3
    Overall: 4.4

    Visitors’ Ratings

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    1 visitors voted
    5.00 average vote

    More Details:

    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 a Google CDR, you have the legal right to a Google stock, including dividends, voting and all other shareholder rights. Trade cheaper, faster and fractionally (buy part of a CDR, receive proportional rights to part of the underlying security and all its benefits).

    •  Investors

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    Trade securities like crypto-currencies. Significantly faster transfer, significantly lower cost, and (via fractional ownership) the ability to buy stocks or bonds that would previously have been too expensive

    •  Issuers

    Pay dividends, conduct voting and execute corporate actions directly through the CDRs. Significantly lower costs, elimination of intermediary errors and drastically increased efficiencies

    • Asset-backed tokens

    Like stable-coins, CDRs are securitised tokens, backed by real-world assets, whose value matches the value of the underlying stock or bond that each CDR represents