 | CDRXICO  CDRX is converting existing stocks/shares and bonds into securitised crypto-tokens (aka Crypto Depository Receipts – CDRs). Each CDR gives the owner the legal right to the underlying security. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is CDRX
CDRX solution enables the tokenisation of both existing equity markets and all new equity issuance. Underlying shares are sourced from the market or corporate entity (new issue). CDR's are then issued by the custodian trust on a blockchain which allows voting via smart contract.
Each CDR represents a single share, and can be traded in fractions of a share, single or multiple shares. CDR's can be traded on exchange or directly between two parties.
DetailsPre-sales: Aug 24, 2018 - Sep 14, 2018Public sales: Nov 14, 2018 - Dec 23, 2018 Soft cap: 5,000,000USD (fiat) Hard cap: 100,000,000 USD(fiat) Raised: 19,000,000 USD LegalCountry limitations: China, United States, | Token infoTicker: CDRXType: Security Token price in USD: 1 CDRX = 0.5 USD Accepted currencies: BTC ETH Funds allocation: 35% - Development 22% - CDR Financing, Marketing and Acquisitions 14% - Operating Expenditure 12% - Legal and Regulatory 8% - Business Development 6% - Sponsorship and Research 3% - Community Engagement |
CDRX Roadmap
CDR testing began with a closed set of clients.
Roadmap for regulator engagement laid out.
Development of Exchange started.
Agreement to use (and right to buy) sharemarket.com for Exchange.
White paper released to the public.
Audit and penetration testing of Exchange begins (weekly);
Launch of Exchange (ver 0.9) - closed beta;
Indices defined;
Non-securitised market makers onboarded;
Listing service provider agreements signed;
Algo toolkit (ver 0.9 beta) launches.
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;
CDR market makers onboarded;
Regulator approvals received (small jurisdictions);
Equity CDRs open to the market in approved jurisdictions;
Exchange trading of CDRs begins among approved investors;
Extension into cash bond CDRs.
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.
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;
Release of decentralised Exchange (ver 2.0), non-securitised .
Regulator approvals received (mid-sized jurisdictions).
Regulator approvals received (large jurisdictions).
Purchase of stake in traditional bank enabling improved real-world integration.
Project team
Advisors
Social media
