Published on May 19, 2018
The 10XTS team is happy to announce the completion of our first round of capital funding through a syndication of private investors and venture funds, which includes LOUD Capital and Cincinnati Crypto Fund.
The team worked to bootstrap the research and development of the forthcoming flagship product, XDEX, a dedicated fintech ecosystem for traditional financial entities to easily create, issue, trade, and report on tokenized assets and securities through a regulatory-compliant blockchain platform.
The first round of funding provides the resources necessary to enter the market by targeting the traditional financial industry and securing partnerships with broker dealers, banks, and regulation crowdfunding portals.
The first round of funding also provides the resources necessary to implement the next phase of funding, which will be a regulation crowdfunding (Reg CF) round allowing unaccredited, public investors to participate in an ownership stake.
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