The Build stage is where information traditionally stored in paper or document form is uploaded to XDEX and encoded into encrypted hash values, and the corresponding blockchain tokens are created and issued.
Thus, we are transforming the body of recordation and evidence to hash-based metadata
The Build phase is also where workflows are developed and even automated with secure logging to meet governance, risk, and compliance policies.
XDEX helps to streamline processes by allowing separate stakeholders to have secure access to the same copy of data, which cannot be altered without validation from other stakeholders. The data central to tokenization is a digital record of membership or shareholders for the asset to be tokenized, which is uploaded to XDEX as a complete record of ownership.
Immutable transaction records on XDEX enable a high degree of automation to deliver much-needed process optimization and efficiency to investments. Other actions that are programmable throughout the investment lifecycle include investor and corporate action management, such as distributing dividends and holding shareholder votes.
Technology enables fractional ownership to be securely managed as a digital record, investor due diligence and compliance protocols to be automated, and transaction settlement to be completed digitally. The cumulative effect of these changes is to significantly reduce the time and economic costs associated with trading previously illiquid assets, which benefits asset owners and investors alike through unlocked liquidity.
As regulatory regimes across the globe evolve to meet these technological developments, secondary market trading for tokenized assets will thrive.
Within XDEX, a series of modules and APIs form the building blocks of programmable actions. Smart contracts are coded to execute compliance protocols, due diligence, KYC, and anti- money laundering (AML) procedures, as defined by regulatory requirements of the jurisdiction, and further specified by the terms set by individual issuers. This helps enable near-instant settlement of transactions in the future.