FOR IMMEDIATE RELEASE
CLEVELAND, OH – August 20, 2019 — 10XTS has been invited to participate in the Cleveland Federal Reserve Bank’s prestigious fintech innovation program, joining a select group of banks and financial technology firms for direct, one-on-one discussions with Federal Reserve subject matter experts. Scheduled for September 1-3, this event will bring 10XTS together with Federal Reserve officials to engage in critical conversations about the future of fintech, regulatory frameworks, and emerging financial technologies.
Exploring the Impact of XDEX on Real World Asset Integration and Capital Efficiency
10XTS will use this opportunity to showcase its flagship platform, XDEX, a governance, risk, and compliance solution that connects real-world assets to blockchain networks. XDEX is designed to serve as a secure gateway to the emerging digital currency system, offering significant implications for the banking, asset custody, and monetary systems by improving capital efficiency, transparency, and compliance.
The invitation aligns with 10XTS’s commitment to pioneering a compliant infrastructure for digital assets within the financial system. By demonstrating the operational and regulatory benefits of XDEX, 10XTS will contribute to the Federal Reserve’s understanding of how blockchain can enhance asset management and custodial services for both traditional and digital financial assets.
“We’re honored to engage in these discussions with the Federal Reserve and share how our solutions can contribute to more efficient, compliant, and connected financial systems,” said Michael Hiles, CEO of 10XTS. “As digital currency adoption grows, we believe XDEX has the potential to streamline capital management, bridge traditional banking with digital finance, and shape the future of asset tokenization.”
Federal Reserve’s Commitment to Fintech Innovation
The Cleveland Federal Reserve Bank’s fintech innovation program is part of a broader Federal Reserve initiative to stay at the forefront of technological advances that impact the financial services industry. By collaborating with emerging technology providers like 10XTS, the Federal Reserve aims to gain insights into blockchain technology’s role in financial innovation, fostering a regulatory environment that promotes security, transparency, and efficiency.
About 10XTS
10XTS is a leader in digital asset compliance and tokenization technology, offering regulatory-compliant blockchain solutions for financial institutions, asset managers, and enterprises. Through its XDEX platform, 10XTS provides secure, governance-driven digital asset solutions that bridge traditional finance and the digital economy, empowering clients to adopt blockchain technology responsibly and effectively.
Media Contact
10XTS
Email: info@10xts.com
Website: www.10xts.com
