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BANKEX, the leading global fintech company, has launched its very own BANKEX Token Exchange. This new platform enables not only the trade of basic pairs of utility tokens but also the trade of complex security tokens connected to real-world assets. BANKEX Token Exchange will serve as a secondary market for security tokens and will support ERC-1400 and ST-20 token standards as well as ERC-888 security tokens from BANKEX that incorporate KYC verification methods. The trading platform stores crypto in BANKEX Custody Service, an eminently secure cold storage depository.
Crypto enthusiasts and security token owners all over the world have something to smile about thanks to BANKEX launching its all-in-one secure exchange platform
BANKEX, bolstered by its experience issuing security tokens as well as its familiarity with a diverse set of regulatory frameworks for tokenization, has launched the first complete STO framework that will offer services covering the entire life cycle of a security token. These services will include digitization via BANKEX Digital Deal, solutions to meet both KYC and AML requirements within the token’s issuance, secondary market trading, and burning.
Over the next year, BANKEX will make use of a license that its Virtual Financial Assets Act service provider is submitting to the Malta Financial Services Authority. This license is granted only to exchanges that have strong Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures in place.