In this edition of The Daily we cover an exchange that offers cryptocurrency investors access to tokenized ETFs based on major indices, a response from Chainalysis to the recent outcry against blockchain surveillance services abusing customer data, and a program to support startups by Binance Labs in Argentina.
Also Read: Israel Securities Authority Wants a Dedicated Token Exchange
DX Exchange Develops Tokenized ETFs
DX Exchange, an Estonia-based venue which launched trading on tokenized stocks in January, has broadened the platform’s offering. It now offers trading on tokenized exchange-traded funds (ETFs), including Nasdaq-mirrored QQQ, S&Ps and SPY. These tokenized ETFs are said to be compatible with the latest guidelines put forth by the European Securities and Markets Authority (ESMA), and with the MiFID II directive Mifid II (the latest EU financial regulations). They are not based on contracts for difference (CFDs) as offered by many forex brokers.
Besides traditional fiat payment options, the…