FOR IMMEDIATE RELEASE
CINCINNATI, OH – May 29, 2018 – 10XTS, a blockchain technology innovator, is proud to announce a major milestone in the development of its highly anticipated platform, XDEX. As the team works toward the full-scale launch of XDEX, their flagship asset tokenization and compliance ecosystem, the test blockchain system has now successfully produced over 250,000 blocks without any issues in network stability or node functionality. This achievement underscores the robustness of the 10XTS platform and brings the company one step closer to launching a secure, efficient, and compliant solution for digital asset management.
XDEX is designed to empower funds and early-stage companies with a platform for issuing, managing, and trading tokenized securities, combining the benefits of blockchain with the strict requirements of regulatory compliance. In preparation for the public launch, the 10XTS development team has been running a test blockchain in parallel with the final production version, rigorously testing the platform’s infrastructure to ensure optimal performance and security standards. Crossing the 250,000-block threshold marks a critical step in validating the system’s resilience and reliability, reinforcing 10XTS’s commitment to providing a secure and dependable solution for the capital markets.
Michael Hiles, CEO of 10XTS, highlighted the significance of this milestone: “The performance and stability of our test chain reflect years of dedicated research and development. Passing the 250,000-block mark without issues is a testament to our team’s commitment to quality and security. We’re excited to move closer to launching XDEX and to deliver a platform that meets the needs of both the regulatory environment and the blockchain community.”
Ensuring a Reliable and Compliant Blockchain Ecosystem
With XDEX, 10XTS aims to create a blockchain ecosystem that supports the regulatory-compliant issuance and management of tokenized assets. Designed with a focus on transparency, efficiency, and security, XDEX will provide users with a platform where real-world securities can be managed and traded with full compliance to regulatory standards, addressing the growing demand for liquid, transparent capital markets.
Running a test blockchain in parallel to the permanent production chain is a key component of the platform’s development process. By simulating live conditions on the test network, the 10XTS team is able to identify and address any technical challenges, optimize system performance, and ensure the platform’s stability and scalability before the official launch. The 250,000-block milestone serves as an indicator of the platform’s resilience, confirming that XDEX is ready for the demands of a high-volume trading environment.
A Milestone for Blockchain Stability and Performance
The production of over 250,000 blocks without any network or node issues demonstrates that XDEX is capable of sustaining the demands of a full-scale operational blockchain. The test network has been designed to mirror real-world usage patterns, with simulated transactions, data requests, and node interactions that closely resemble what XDEX users will experience upon launch. This achievement not only validates the strength of the blockchain infrastructure but also positions XDEX as a leader in secure, scalable blockchain solutions for the capital markets.
Bridging the Gap Between Traditional Finance and Decentralized Technology
XDEX addresses a significant gap in the blockchain and fintech landscape: the need for a secure, compliant platform that enables capital markets to leverage the benefits of blockchain technology. The platform allows funds, venture capital firms, and early-stage companies to tokenize assets in a way that aligns with regulatory requirements, offering investors greater liquidity and access to emerging markets while maintaining stringent compliance.
By creating a system that seamlessly integrates blockchain’s transparency and security features with traditional finance’s regulatory rigor, XDEX is poised to play a transformative role in the capital markets. The platform’s successful test phase reinforces 10XTS’s mission to bridge the gap between traditional finance and decentralized technology, paving the way for more flexible, accessible capital market solutions.
Moving Closer to Public Launch
The 10XTS team is continuing to optimize and enhance XDEX, with plans for a full-scale public launch in the near future. As the test chain progresses, 10XTS will continue to monitor and refine the platform’s performance, ensuring that every element meets the highest standards of reliability and user experience. With the successful operation of the test chain, the company is well-positioned to introduce XDEX as a powerful, compliant blockchain solution for digital asset management.
About 10XTS
10XTS is a blockchain technology company dedicated to providing innovative solutions for data transparency, asset tokenization, and regulatory compliance. With its flagship platform, XDEX, 10XTS offers a comprehensive ecosystem for secure, compliant digital asset management, combining blockchain’s benefits with the strict requirements of regulatory standards. Headquartered in Cincinnati, Ohio, 10XTS is at the forefront of blockchain innovation, building the foundation for the future of digital capital markets.
Media Contact
10XTS
Email: info@10xts.com
Website: www.10xts.com
