CDRX

ICO Ended
209 days 3 hours ago

Description

By converting existing equities and bonds into securitised crypto-tokens (Crypto Depository Receipts – CDRs), CDRX is allowing anyone to invest in financial markets, and buy a piece of any company with as little or as much money as they can afford. Buy an Apple CDR, you have the legal right to an Apple stock, including dividends, voting and all other shareholder rights. Buy 1/50 of an Apple CDR, and receive 1/50 of the rights. Tokenisation allows fractional ownership, lowers costs and shortens transaction times. Each CDR token gives the owner the legal right to the underlying stock or bond, which is held by an independent depository bank/trust on behalf of you, the token owner. CDRX is also building an institutional grade platform that operates 24/7 to allow you to trade both non-securitised tokens (eg. cryptocurrencies and utility tokens) and securitised tokens (eg. CDRs) safely and easily.

General
ICO Dates
12 Nov 2018 - 21 Dec 2018
Whitelist / KYC
KYC & Whitelist
Country
Singapore
Ticket
CDRX
Token Type
ERC20
Available for Sale
Financial
Pre sale Price
1 CDRX = 0.5 USD
ICO price
1 CDRX = 0.5 USD
Accepting
BTC, ETH
Soft Cap
5M $
Hard Cap
100M $
Tokens for sale
200,000,000
Team
David Ward
CEO
ADVISORS
Nozomu Nakazato
Crypto Marketing
  • 1
    01-Feb-18

    CDR testing began with a closed set of clients.

  • 2
    05-Mar-18

    Roadmap for regulator engagement laid out.

  • 3
    07-May-18

    Development of Exchange started.

  • 4
    22-Jun-18

    Agreement to use (and right to buy) sharemarket.com for Exchange.

  • 5
    15-Jul-18

    White paper released to the public.

  • 6
    Q4 2018

    Audit and penetration testing of Exchange begins (weekly); Launch of Exchange (ver 0.9) - closed beta; Indices defined; Non-securitised market makers onboarded;

  • 7
    Q1 2019

    Release of Exchange (ver 1.0); Rating agency agreement for new issuance signed; Launch of industry think tank – tier 1 banks and brokers, business and technology; Algo toolkit (ver 1.0) released; CCP agreement signed;

  • 8
    Q2 2019

    Indices launch and licensing (including 6 months of history); Sponsorship of collaborative R&D programme across industry and universities; Custody service (ver 0.9 beta) launches; Launch of institutional OTC desk.

  • 9
    Q3 2019

    Custody service (ver 1.0) released; Extension into derivative CDRs and native issuance; Licensing of liquidity to brokers and banks; Purchase of stake in an authorised and regulated exchange;

  • 10
    Q4 2019

    Regulator approvals received (mid-sized jurisdictions).

  • 11
    Q4 2020

    Regulator approvals received (large jurisdictions).

  • 12
    Q2 2021

    Purchase of stake in traditional bank enabling improved ‘real-world’ integration.