FOR IMMEDIATE RELEASE
CINCINNATI, OH – October 9, 2018 – 10XTS, a blockchain technology firm based in Cincinnati, Ohio, actively participated in Techstars Cincinnati StartupWeek, where CEO Michael Hiles delivered presentations and joined a panel discussion on Regulation Crowdfunding alongside Marvin Abrinica, CEO of Wunderfund. The event, part of the Techstars global network of entrepreneurship support, brought together industry leaders, entrepreneurs, and investors to discuss strategies and tools for fostering growth and innovation in early-stage capital markets.
10XTS has deep roots in the Cincinnati startup ecosystem and remains committed to advancing the local and regional entrepreneurial landscape. Michael Hiles, who also serves as the regional director for the Founder Institute startup accelerator chapter, has helped cultivate a supportive environment for startups in Southwestern Ohio. The Cincinnati chapter of Founder Institute, the world’s largest idea-stage accelerator based in Silicon Valley, celebrated the graduation of its 2018 class this week, marking a significant milestone in the region’s entrepreneurial journey.
10XTS’s Vision for XDEX and the Early-Stage Capital Ecosystem
At the heart of 10XTS’s mission is the XDEX platform, a blockchain-based records management system aimed at addressing fundamental issues in early-stage capital markets. XDEX was developed with the goal of increasing transparency, reducing risk, and enhancing liquidity for investors, which Hiles explained as part of his presentation during StartupWeek. Hiles emphasized that seed, angel, and early-stage capital markets are often siloed, fragmented, and, in many cases, in decline. 10XTS seeks to bridge these gaps with XDEX, creating a comprehensive ecosystem that connects all market participants—from founders and investors to advisors and service providers.
“XDEX is about creating a unified, trusted system for early-stage capital markets that addresses the challenges investors and startups face today,” said Michael Hiles, CEO of 10XTS. “By using blockchain technology to provide a transparent ledger, we can help improve trust, reduce investor risk, and increase liquidity for early-stage investments.”
Panel Discussion: Regulation Crowdfunding and Democratizing Access to Capital
During a panel discussion with Marvin Abrinica of Wunderfund, Hiles explored the impact of Regulation Crowdfunding on early-stage funding. This regulation has opened up new avenues for startup capital by allowing non-accredited investors to participate in funding rounds, making investment opportunities more accessible to a broader audience. The discussion focused on how blockchain technology, when combined with regulation crowdfunding frameworks, can enable a more inclusive capital market that democratizes investment opportunities, allowing more individuals to support innovative startups.
Hiles and Abrinica discussed how the original hypothesis for 10XTS and the development of XDEX was centered on utilizing distributed ledger technology to support this vision of openness and inclusion. The ability to tokenize assets and maintain a transparent, immutable record of transactions on a blockchain provides investors with greater visibility and confidence, fostering a more liquid and efficient market for early-stage investments.
10XTS’s Impact on Cincinnati’s Startup Community and Beyond
10XTS’s involvement in the Cincinnati startup community has been instrumental in promoting innovation and education on blockchain technology and early-stage capital formation. As regional director for the Cincinnati chapter of the Founder Institute, Hiles has supported local entrepreneurs through mentorship, resources, and guidance, helping them bring their ideas to life. This week’s graduation of the 2018 Founder Institute cohort in Cincinnati represents a key achievement in strengthening the local entrepreneurial ecosystem and reflects the company’s commitment to fostering long-term growth and opportunity in Southwestern Ohio.
10XTS continues to play a leading role in integrating blockchain into early-stage capital markets, leveraging XDEX to solve complex challenges and increase the accessibility of startup investment opportunities. By actively participating in events like Techstars Cincinnati StartupWeek, 10XTS is helping to establish Cincinnati as a hub for blockchain innovation, connecting local entrepreneurs with the tools and insights they need to succeed in a competitive, fast-evolving industry.
About 10XTS
10XTS is a blockchain technology company focused on creating secure, compliant, and efficient solutions for asset tokenization, transparency, and records management. Through its flagship XDEX platform, 10XTS offers a comprehensive ecosystem for managing digital assets and supporting capital markets, helping to bridge the gap between traditional finance and emerging decentralized technology. Headquartered in Cincinnati, Ohio, 10XTS is dedicated to advancing blockchain innovation within the capital markets and financial services sectors.
Media Contact
10XTS
Email: info@10xts.com
Website: www.10xts.com
