CINCINNATI, OH – 10XTS is proud to announce the launch of XDEX, a blockchain-based records management network protocol designed to transform asset management and private capital markets. The announcement was made by 10XTS CEO Michael Hiles to an engaged audience of venture capital funds, portfolio managers, financial institutions, and representatives from advanced government agencies, including the Air Force Institute of Technology (AFIT) and global venture capital firm 500 Startups, during Techstars Cincinnati Startup Week.
XDEX is a powerful solution for capital markets participants, enabling them to securely attach and track documents, asset metadata, and ownership details on a distributed ledger. By leveraging blockchain technology, XDEX facilitates the preparation of assets for future trading and portfolio management, providing greater liquidity and reducing administrative burdens associated with traditional data collection, transfer, and validation processes.
“XDEX will enable asset managers to better manage their LP funds and efficiently move all documentation about individual companies to a blockchain ledger,” said Hiles. “This not only streamlines the process but also provides a much-needed foundation for transparency in alternative assets, ultimately making secondary market trading easier and more informed.”
In capital markets, secondary trading often faces challenges due to limited information about the underlying assets, resulting in low liquidity and high transaction costs. XDEX seeks to address this by enhancing the transparency and accessibility of information, empowering potential buyers with verified data on assets under consideration. Through a secure, blockchain-based ledger, XDEX ensures that vital records are easily accessible, validated, and efficiently managed, which can help reduce time and cost barriers for both investors and fund managers.
The 10XTS XDEX protocol marks a significant advancement for the private capital and alternative asset markets. By establishing a reliable digital infrastructure for document and metadata management, XDEX enables investment professionals to streamline asset data management and improve investor access to critical information. The platform aligns with 10XTS’s mission to provide innovative solutions that simplify and modernize financial operations, paving the way for a more efficient and transparent future in asset trading.
