Asia Digital Asset Exchange [ADAX] was awarded an Offshore Virtual Currency Exchange [OVCE] License from the Philippines’ Cagayan Economic Zone Authority. Receiving this license is a major step forward for ADAX Tech as they launch their fully regulated asset-backed token issuance and exchange platform. The OVCE License enables them to help companies create and list asset-backed tokens on the ADAX platform.
CEZA’s Administrator and CEO, Secretary Raul Lambino said,
“As CEZA moves towards playing a major role in the evolution of the financial world regarding crypto trading and issuance of securitized digital assets, we are pleased to announce and welcome the ADAX Tech Limited team as an OVCE license holder within the Cagayan Economic Zone Authority. ADAX Tech operates as a security token issuance platform and security trading exchange and will contribute a wealth of experience and knowledge to our highly professional crypto trading community. We wish them luck, and welcome again to CEZA!”
ADAX’s new license offers a regulatory framework and oversight through the special economic zone in the Philippines. CEZA has also released their Digital Asset and Token Offering [DATO] Rules which allow OVCE license holders – like ADAX – to offer asset-backed, utility and virtual currency tokens. ADAX’s vision establishes a clear focus on specifically trading asset-backed tokens. This newer class of tokens will bring opportunities for investors to trade on a fully regulated and compliant platform.
Only a handful of regulated digital asset-backed token issuance and exchange platforms in the world have a government-backed license in hand. Other major players such as the Gibraltar Exchange in Europe – who raised over $25 million in equity funding – and tZERO Exchange in North America – who raised over $100 million – have seen substantial interest in the security token marketplace.
ADAX will also open an asset-backed token offering platform for business clients and investors. ADAX 360 will service projects looking to conduct a fully regulated asset-backed token offering. According to ADAX representatives, talks with several projects seeking to tokenize real-world assets such as real estate, corporations, and other institutional assets are underway. ADAX 360 is expected to begin issuing asset-backed tokens in Q2 2019 while ADAX is expected to begin trading asset-backed and utility tokens in Q3 2019.
ADAX President Wojtek Kaszycki said,
“We are extremely excited to receive this important license from CEZA. ADAX firmly believes asset-backed tokens are one of the most exciting developments for global financial growth in recent history; the digital tokenization of corporate assets eliminates major barriers faced by projects and investors in the current global marketplace infrastructure. Through ADAX and blockchain technology, we will be able to bring the necessary liquidity and fair pricing for these assets through a cross-border investment vehicle that is fully compliant and regulated.”
Asset-backed token offerings are expected to take the spotlight form the 2018 ICO [Initial Coin Offering] marketplace that saw an investment of over $6.3 billion. In contrast with ICOs, asset-backed tokens [commonly known as a Security Token Offering or STO] have seen just over $650 million raised since the beginning of 2019. ADAX plans to become a major tokenized securities exchange and issuance platform focused on Asia.
How to Buy BTC for Just 10% of its Value on YouHodler
As FinTech platform YouHodler expands it’s services to clients, users are unlocking new, creative ways to take advantage of the crypto market. Take the platform’s “buy crypto with fiat” for example. With this method, combined with YouHodler’s 90% LTV, a user can buy BTC for just 10% of its value. Here’s how it works in three simple steps.
HOW TO BUY BTC FOR 10% OF IT’S VALUE ON YOUHODLER
With YouHolder’s recently introduced feature, user’s can buy BTC, ETH, XRP, XLM, LTC, BCH, BSV, DASH, EOS, BAT, REP and more directly on the platform with fiat [USD and EUR with a credit card or bank wire]. Users can get large discounts on crypto purchases. For this specific example, let’s see how someone can buy 1 BTC for just 10% of its value using the following three-step method on YouHodler:
For this example, let’s say 1 BTC = $8000
Step 1: Use $8000 in cash to buy 1 BTC on YouHodler [Note: This is temporary capital that will be repaid in about 15 minutes]. Alternatively, you could borrow the $8,000 from your traditional business funds to use in this scenario.
Step 2: Use this 1 BTC as collateral on YouHodler. With 90% LTV, you get 90% of $8,000 sent to you in cash or USDT. Use this to pay back the $8000 to wherever you borrowed the original capital from.
Step 3: You now have 1 BTC sitting in collateral that you only paid 10% for [$800]. Now, simply wait for the market to rise again before repaying the loan and getting your 1 BTC. You are only responsible for paying back the 1 BTC at its value at the time of the loan. So if it rises to $9,000, $10,000 or beyond, you keep all additional profits.
Note: This can be a risky strategy if the market takes a rapid price drop.
CUSTOMIZE YOUR USER EXPERIENCE WITH MORE TARIFF OPTIONS
While the previous example focused on YouHodler’s 90% LTV tariff option, users should know there are a variety of channels one can access depending on their individual needs. Whether you want quick cash, 8-day loan term with 80% LTV for a long term 120-day loan with more flexibility, there is plenty to choose from to suit your strategy.
Customizable tariffs are also available upon request. Considering all available options is an important part of your risk management strategy. Hence, YouHodler always recommends a thorough due diligence process before pursuing any financial activities.
To see the full selection of tariff options and to take advantage of YouHodler’s crypto banking tools, visiting them here today.
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