Complete List of Security Token Exchanges & Marketplaces
A Global List of Security Token Exchanges for Digital Securities
One of the major benefits of tokenized securities is that they provide securities with a more efficient exchange and settlement solution, creating digital and programmatic access to traditional securities. Exchanges around the world, both traditional and startup, are implementing the technology to support security token offerings. The following is a regularly updated list of security token exchanges around the world.
To discover STO prices, data, and more, visit stomarket.com
This article was last updated on September 2nd, 2021
Live Security Token Exchanges:
North America
United States
Tzero — https://tzero.com
Status: Live
Securities Focus: Asset Agnostic
Notes: Open to retail non-accredited and accredited investors in the US as well as accredited investors globally. Currently trading one security token, the Tzero Equity Token.
INX— inx.co
Status: Live
Securities Focus: Asset Agnostic
Notes: Open to accredited investors globally. Currently trading six security tokens, INX, SPiCE VC, Blockchain Capital, Protos, Science Blockchain, and 22x Fund.
ISTOX — https://www.istox.com/
Status: Live — Singapore
Securities Focus: Asset Agnostic
Notes: Testing privately Q4 2019. Aims for full operations in 2020.
Nxchange—https://www.nxchange.com/
Status: Live — Amsterdam
Securities Focus: Equities
Notes: Currently trading Startupbootcamp tokenized IPO.
Decentralized Exchanges
Uniswap — https://uniswap.io/
Status: Live
Securities Focus: Not specified
Notes: Decentralized exchange currently trading a real estate property from RealT. Partnership established for future listings. SEC regulatory approval process unclear at this time.
Africa
Seychelles
MERJ — https://merj.exchange/
Status: In development
Securities Focus: Not specified
Notes: Traditional securities exchange that launched a conjoining STO platform. MERJ sold its own equity as a security token in Q3 2019, which is now trading freely on its exchange. Issuance partner Globacap to assist with additional tokenized assets.
Security Token Exchanges In Development:
North America
United States
Rialto Markets —https://rialtomarkets.com/
Status: Expected Launch: September 2020
Securities Focus: Agnostic
Notes: Obtained the regulatory approval necessary to commence operations of the Rialto ATS to trade Digital Asset Securities.
North Capital (PPEX)— https://www.ppex.com/
Status: In development
Securities Focus: Agnostic
Notes: Obtained the regulatory approval necessary to commence operations of the PPEX ATS to trade Digital Asset Securities.
Boston Security Token Exchange — https://www.bstx.com/
Status: In development — launch expected in H1 2020
Securities Focus: All asset-backed tokens that meet BSTX standards.
Notes: It will not support trading of security tokens offered under an exemption from registration for public offerings, with the exception of certain offerings under Regulation A. Joint venture between BOX Exchange and tZERO.
Securitize Instant Access — https://securitize.io
Status: In development
Securities Focus: Agnostic
Notes: Private liquidity pool for issued tokens.
Sharespost—http://sharespost.com
Status: Live
Securities Focus: Secondary Sale of Private Equity
Notes: Resale of traditional private equity ownership in unicorn companies. Future securitization expected.
Templum — https://templuminc.com/home
Status: Live
Securities Focus: Asset Agnostic
Notes: No clarity on quality or volume of assets currently being exchanged.
Orderbook by Ambisafe — https://www.orderbook.io/
Status: Live
Securities Focus: Secondary Sale of Private Equity
Notes: Resale of traditional private equity ownership in unicorn companies. Future securitization expected.
Polybird — https://polybird.io
Status: In development
Securities Focus: Agnostic (revenue share agreements, LP shares — HF/PE/VC, private US stocks, private US debt, international stocks, bonds, commercial real estate — debt/equity, infrastructure — debt/equity)
Note: Regulated in the United States but a global platform. Not limited to trading; offering can also be conducted on the platform.
Coinbase — https://www.coinbase.com/
Status: In development
Securities Focus: Not specified
Notes: Currently offering custody services for Blockchain Capital (BCAP) security token. Investment in Securitize issuance platform. Exchange services expected in 2020.
KoreKonX —http://koreconx.com
Status: In development
Securities Focus: Equities
Notes: Open to accredited investors globally. Equity crowdfunding liquidity focus.
VRBex — http://vrbex.com
Status: In development
Securities Focus: Equities
Notes: Open to accredited investors globally. No recent update on exchange launch.
Miami International Exchange —https://www.miaxoptions.com/
Status: In development
Securities Focus: Equities
Notes: Live traditional exchange with new focus on security tokens
Nash Exchange — https://nash.io
Status: In development
Securities Focus: Equities
Notes: Exchange security token launched. No recent update on exchange launch.
New York Security Token Exchange — https://www.nystx.com/
Status: In development
Securities Focus: Equities
Notes: No recent activity.
Oasis Pro Markets — https://oasispromarkets.com
Status: In development
Securities Focus: DeFi, Fixed Income, Equities, and GP/LP Funds
Notes: FINRA Approved ATS
Glass — https://glassnet.io/
Status: In development
Securities Focus: Equities
Notes: Launched by SharesPost. Huobi, OKEx, OKCOIN partnerships. No recent activity.
SeriesOneX —https://seriesone.io/
Status: In development
Securities Focus: Not specified
Notes: Joint venture between CPROP and seriesOne Securities LLC (“seriesOne”), a US-based FINRA-registered broker. The new company, seriesOneX LLC, will focus on building securities exchanges in key financial centers around the world to serve as a regulated marketplace for digital asset securities.
Canada
Canadian Securities Exchange — https://thecse.com/
Status: In development
Securities Focus: Equities
Notes: Traditional securities exchange launching STO platform.
FreedomX — https://about.tokenfunder.com/
Status: In development
Securities Focus: Equities
Notes: Recently approved by the Ontario Securities Commission.
Europe
United Kingdom
London Stock Exchange — https://www.londonstockexchange.com/
Status: In development
Securities Focus: Private Equities
Notes: Traditional securities exchange launching STO platform.Successful test trade of 20/30 tokenized equity completed on LSE’s Turquoise equity trading service.
Archax — https://www.archax.com/
Status: In development
Securities Focus: Not specified
Notes: Partnerships with live security tokens and top STO issuance platforms globally.
TokenMarket — https://tokenmarket.net/
Status: In development
Securities Focus: Not specified
Notes: Successful security token equity fundraise. Security token exchange demo is live on site.
MAX Markets — https://www.maxmarkets.net/
Status: In development
Securities Focus: Agnostic
Notes: Awaiting FCA approval.
Germany
Boerse Stuttgart Digital Exchange — https://www.bsdex.de/de/
Status: In development
Securities Focus: Agnostic
Notes: Joint venture of Boerse Stuttgart, Axel Springer finanzen.net, and SBI Group.Regulated digital asset exchange which complies with the German Banking Act.
HQLAx — https://www.hqla-x.com/
Status: In development
Securities Focus: Agnostic
Notes: Joint venture between HQLAx and Deutsche Börse Group that provides market participants with improved collateral mobility across a fragmented securities settlement eco-system on the Corda blockchain.
Deutsche Börse—https://deutsche-boerse.com/dbg-en/
Status: Partnership Signed with Cashlink
Securities Focus: Not specified
Notes: According to a recent press release, investors on the Deutsche Börse Venture Network (DBVN) will be able to purchase and transfer digital assets using tools designed with distributed ledger technology.
Liechtenstein
Blocktrade — https://blocktrade.com/
Status: In development
Securities Focus: Not specified
Notes: Acquired by Cryptix AG in August 2019
Liechtenstein Cryptoassets Exchange — https://www.lcx.com/
Status: In development
Securities Focus: Not specified
Notes: Recently announced the hosting of investment fund token.
Estonia
DX.Exchange — https://dx.exchange/
Status: In development
Securities Focus: Not specified
Notes: Exchange security token launched. Plans to launch full exchange services.
Rokkex — https://exchange.rokkex.com/markets
Status: In development
Securities Focus: Not specified
Notes: Exchange security token launched. Plans to launch full exchange services in 2020.
Netherlands
EuroNext — https://euronext.com/en
Status: In development
Securities Focus: Not specified
Notes: Traditional securities exchange launching STO platform. $5MM investment in issuance platform Tokeny.
Dusk Network — https://dusk.network/
Status: In development
Securities Focus: Not specified
Notes: Dusk has plans to tokenize shares for thousands of SMEs in the Netherlands and the Benelux region. The firm has acquired a minority stake in the Nederlandsche Participatie Exchange (NPEX).
Switzerland
SygnEx — https://www.sygnum.com/
Status: In development
Securities Focus: Asset Agnostic
Notes: Dual regulatory approval in Switzerland and Singapore. In development.
Six Digital Exchange — https://www.sixdx.com/en/home.html
Status: In development
Securities Focus: Not specified
Notes: Traditional securities exchange launching STO platform. Launch expected in early 2020
Lykke — https://www.lykke.com/
Status: In development
Securities Focus: Equity and bonds
Notes: Launching white label exchange in partnership with Nxchange
STX Exchange — https://www.stx.swiss/
Status: In development
Securities Focus: Not specified
Notes: Plans to list its first security token of Switzerland-based firm Blockimmo equity, IMMO.
Smart Valor — http://smartvalor.com
Status: In development
Securities Focus: Not specified
Notes: Recently launched a fiat to crypto on-ramp exchange. Security token exchange is rumored to be on the way.
Mt Pelerin — https://www.mtpelerin.com
Status: In development
Securities Focus: Asset Agnostic
Notes: Successful share-token fundraise. Live equity tokenization service. Applying for a banking license in Switzerland.
Gibraltar
Gibraltar Blockchain Exchange — https://www.gsx.gi/
Status: In development
Securities Focus: Not specified
Notes: Traditional securities exchange launching STO platform.
Malta
LXDX — https://www.lxdx.co/
Status: In development
Securities Focus: Equities
Notes: Exchange security token launched. No recent update on exchange launch.
MSX PLC — https://www.borzamalta.com.mt/
Status: In development
Securities Focus: Not specified
Notes: Traditional securities exchange launching an STO platform with Binance partnership.
OKMSX — No website yet
Status: In development
Securities Focus: Not specified
Notes: Partnership with the Maltese Stock Exchange delayed from initial Q1 2019 launch. No recent activity.
Malta Digital Exchange — http://maltadx.com/
Status: In development
Securities Focus: Not specified
Notes: Working closely with the Maltese Stock Exchange.
ABE — https://www.abe.io/
Status: In development
Securities Focus: Not specified
Notes: Based in Dallas, TX, but the exchange is regulated through Malta/Brussels. Uses depository receipts (DR) to create a wrapper to allow for ownership of foreign equities.
Belarus
Currency.com — https://currency.com/
Status: In development
Securities Focus: Not specified
Notes: Access to global equities tracked by crypto products. Not available to US investors. Beta since January. Mobile app live.
British Virgin Islands
Atlant — https://atlant.io
Status: In development
Securities Focus: Real Estate
Notes: No recent updates on progress.
Asia
Singapore
Sygnum — https://www.sygnum.com/
Status: In development
Securities Focus: Asset Agnostic
Notes: Dual regulatory approval in Switzerland and Singapore. In development.
1exchange — https://www.1x.exchange/
Status: Live
Securities Focus: Equities
Notes: 1exchange has been approved as a Recognised Market Operator by the Monetary Authority of Singapore.
Vaultex — http://vaultex.com/
Status: In development
Securities Focus: Asset Agnostic
Notes: License acquired from MAS. Launch expected in 2020.
ECXX — https://www.ecxx.com/
Status: In development
Securities Focus: Not specified
Notes: In addition to being admitted as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS) to the Fintech Sandbox under the Recognised Market Operator (RMO) regime, ECXX has also applied for a license under the Payment Services Act
DBS Digital Exchange — https://www.dbs.com/
Status: In development
Securities Focus: Not specified
Notes: DBS Digital Exchange has been approved as a Recognised Market Operator by the Monetary Authority of Singapore.
Japan
Japan Exchange Group — https://www.jpx.co.jp/english/
Status: In development
Securities Focus: Not specified
Notes: Japan Exchange Group (JPX), owner of the Tokyo Stock Exchange, and the Japan Securities Depository Center said they are planning to pilot a blockchain platform for sharing securities post-trade information.
SBI — https://www.sbigroup.co.jp/
Status: In development
Securities Focus: Not specified
Notes: The company said it would handle over-the-counter transactions for the secondary trading of tokens that it has issued.
China
Huobi — https://www.hbg.com
Status: In development
Securities Focus: Not specified
Notes: Extremely large cryptocurrency exchange. Plans to launch security token exchange Q2 2020.
India
Bombay Stock Exchange— https://www.bseindia.com/
Status: In development
Securities Focus: Equities
Notes: Launched a platform to trade digital securities called the Request for Quote (RFQ). The platform enables users to carry out trading activities digitally apart from settlement in debt.
Philippines
Cezex — https://cezex.io/
Status: In development
Securities Focus: Gold and Real Estate
Notes: Plans to go live Q1 2020.
CryptoSX — https://cryptosx.io/
Status: In development
Securities Focus: Not specified
Notes: CryptoSX is compliant with all of the applicable financial and virtual exchange policies and regulations of the Philippine government under CEZA (Cagayan Economic Zone Authority).
Mauritius
HYBSE International Marketplace — No website yet
Status: In development
Securities Focus: Commodities, index funds, ETFs, Equities
Notes: Joint venture between MINDEX Holdings Limited, GMEX Group Limited, and Hybrid Stock Exchange Corporation Limited.
Thailand
ERX — https://er-x.io/
Status: In development
Securities Focus: Agnostic
Notes: In partnership with Elevated Returns, the issuer behind the St. Regis Aspen Tokenized Hotel trading on tZERO.
Australia
Australian Securities Exchange — https://www2.asx.com.au/
Status: In development
Securities Focus: Agnostic
Notes: According to company documentation, ASX seeks to begin industry testing as early as July 2020.
Caribbean
Antigua
Globex—https://globex.site/
Status: In development
Securities Focus: Gold and Real Estate
Notes: Plans to go live Q1 2020.
Jamaica
Blockstation — https://blockstation.com/
Status: In development
Securities Focus: Not specified
Notes: Partnership with traditional securities exchange, the Jamaican Stock Exchange. Plans to go live by Q1 2020.
Barbados
Blockstation — https://blockstation.com/
Status: In development
Securities Focus: Not specified
Notes: Partnership with traditional securities exchange, the Barbados Stock Exchange. Plans to go live by Q1 2020.
Tokenise —https://www.tokenisegroup.com/
Status: In development
Securities Focus: Not specified
Notes: ATS license approved, launch TBD.
Cayman Islands
BnkToTheFuture — https://bnktothefuture.com/
Status: In development
Securities Focus: Asset Agnostic
Notes: Investment platform that acquired Altcoin.io to launch a security token exchange.
United Arab Emirates
DEX — https://dex.ae/
Status: In development
Securities Focus: Not specified
Notes: Crypto exchange based out of Abu Dhabi. No timeline for the launch of a security token exchange.
ADAX — https://adax.ae/
Status: In development
Securities Focus: Not specified
Notes: Crypto exchange based out of Dubai. No timeline for the launch of a security token exchange.
Africa
Seychelles
SecDex —https://www.secdex.net/
Status: In development
Securities Focus: Not specified
Notes: The SECDEX Group business includes an exchange offering traditional and digital assets, a central counterparty clearing house (CCP) and a central securities depository with registry authorised and regulated by the Seychelles Financial Services Authority (FSA). SECDEX also operates a digital custodian regulated under the sandbox of the Seychelles FSA to custody digital assets.
Rest of the World
Greenland
Arctic Exchange — Rumored Security Token Exchange
More Information TBA
Decentralized Exchange
Convergence Protocol —https://conv.finance/
Status: In development
Securities Focus: Not specified
Notes: Decentralized interchangeable asset protocol. Focus on security tokens lacking liquidity by leveraging an automated market-making model.
Capital Dex— https://curioinvest.com/
Status: In development
Securities Focus: Not specified
Notes: Launched alongside the CurioInvest fundraising platform for security token offerings.
