XDEX
The Extended Index
XDEX is a governance, risk, and compliance metadata platform to help automate and synchronize regulatory digital asset information across global capital markets. At the core of XDEX is a distributed ledger technology ecosystem that embeds jurisdictional rules, supervisory, and compliance into any Layer 1 blockchain token or smart contract.
XDEX Assets
Tokenize your securities and assets with the most secure and robust regulatory compliant asset and securities tokenization engine in the market today.
XDEX Connect
XDEX Markets extends XDEX Assets to integrate with third-party capital markets and financial institutions.
XDEX Enterprise
For institutions that need to integrate regulated digital assets and securities with their enterprise, XDEX is the foundation.
XDEX Network
The core blockchain network operating beneath the XDEX Network is a private, permissioned MIT-licensed Delegated Proof of Stake (DPoS) consensus protocol.
More About XDEX
Discover more about XDEX and how it can help accelerate your compliant approach to adopting digital asset securities.
All of your documents, e-signatures, payment records, workflow logs, transactions, and approvals are easily ingested into XDEX Assets and embedded into Layer 1 smart contracts and digital assets to ensure interoperability between organizations.
The body of metadata is indexed and categorized as a standard, taxonomy-based system that can be further exposed to public blockchains via an API, that is subsequently consumed by smart contracts on the chain network.
Authorized smart contracts and tokens on any Layer 1 chain or distributed ledger can send and retrieve data to and from XDEX through authenticated API calls as an oracle.
Business documents, metadata, workflows, and governance remain provably consistent and intact between any institution across post trade market settlement.
XDEX makes any person, entity, asset or transaction provable — because the underlying documents already exist and are already provable.
A standardized system of record network of provable records makes it easier to automate and share trusted data between cooperative and/or inter-related organizations and stakeholders.
The hash encryption authenticates any specific document as the true and valid original version of the document later on down the road. This is especially important when relying upon any document to prove the validity of any claim or assertion about people, identities, assets, entities, and transactions.
While an individual document file could be altered or updated, the mathematical record of actions and versions can never be altered. The log of “who did what and when” can never be altered.
In this way, we can secure and automate trust as it relates to the process of trade, exchange, supervision, and dispute resolution between all stakeholders.
The benefits of XDEX are specific to each user and use case, but broadly there are many:
- Lower cost of funding due to wider global investment base
- Greater secondary market liquidity
- Lower transaction costs and/or direct participation in capital markets
- Opportunities for new lines of business in governing decentralized platforms and smart contracts
- Opportunities for integration with central bank digital currencies and stablecoin distribution and payment systems
- New lines of business from emergence of new asset classes and parallel markets
- Cost savings from streamlined or automated processes and operations
- Preserve business by providing clients with access to digital securities markets
- Greater market intelligence
- Stronger data ownership and governance
- Capital/liquidity savings from more flexible settlement
- Avoid loss of business from greater market concentration in over-the-counter markets
- Streamlined & automated compliance and examinations
Through API interfaces, XDEX supports almost every kind of conceivable reporting – while providing a wide range of features that enhance the quality and consistency of reports, as well as their usability.
The XDEX reporting framework can be used in many different ways, for many different purposes, including by:
Businesses
- Companies that need to provide information to one or more of the regulators mentioned above.
- Enterprises that need to accurately move information around within a complex group.
- Business value chains that need to exchange information to help manage risk and measure activity between organizations.
Analysts and Investors
- Analysts that need to understand relative risk and performance.
- Investors that need to compare potential investments and understand the underlying performance of existing investments.
Accountants & Auditors
- Accounting and auditing professionals in support of clients reporting requirements and are often involved in the preparation of reports.
Legal Services and Attorneys
- Legal professionals in support of clients for governance and risk reporting
- Litigators who require access to essential information as part of a matter.
Data Providers
- Specialist data providers that use performance and risk information published into the marketplace and create comparisons, ratings and other value-added information products for other market participants.
Regulators
- Regulators that need significant amounts of complex performance and risk information about the institutions that they regulate.
- Regulators and capital market sector institutions that need to analyze the performance and compliance of listed companies and securities and need to ensure that this information is available to markets to consume and analyze.
- Business registrars that need to receive and make publicly available a range of corporate data about private and public companies, including annual financial statements.
- Tax authorities that need financial statements and other compliance information from companies to process and review their corporate tax affairs.
- Statistical and monetary policy authorities that need financial performance information from many different organizations.
Government Agencies
- Government agencies that are simplifying the process of businesses reporting to government and reducing red tape, by either harmonizing data definitions or consolidating reporting obligations (or both).
- Government agencies that are improving government reporting by standardizing the way that consolidated or transactional reports are prepared and used within government agencies and/or published into the public domain.
To facilitate a standards-based governance, risk, and compliance methodology, XDEX connects records, documents and datasets to an immutable blockchain ledger. This provides a clear, easy-to-manage path to reporting governance, risk, and compliance data that fits seamlessly with any standards-based, regulatory framework in any jurisdiction.
XDEX uses a metadata tagging model in which any information document, record, or data necessary for reporting terms can be authoritatively defined. Those terms can then be used to uniquely represent the contents of any record like financial statements or other kinds of compliance, performance and business reports without necessarily exposing the full contents of the information to anyone other than explicitly authorized users.
XDEX allows information move between organizations rapidly, accurately and digitally.
As a single source of truth with a record originator identification and chain of custody of data tracking, XDEX makes reporting more accurate and more efficient. It allows unique tags to be associated with reported facts, allowing:
- people publishing reports to do so with confidence that the information contained in them can be consumed and analyzed accurately
- people consuming data to test it against a set of business and logical rules, in order to capture and avoid mistakes at their source
- people using the information to do so in the way that best suits their needs, including by using different languages, alternative currencies and in their preferred style
- people consuming the information to do so confident that the data provided to them conforms to a set of sophisticated pre-defined definitions
Comprehensive definitions and accurate data tags allow the preparation, validation, publication, exchange, consumption; and analysis of business information of all kinds.
Information in XDEX is interchangeable between different information systems in entirely different organizations. This allows for the exchange of business information across a reporting chain.
People that want to report information, share information, publish performance information and allow straight through information processing are empowered by this approach to standardized information governance, risk, and compliance.
In addition to allowing the exchange of summary business reports like financial statements, and risk and performance statements, etc… XDEX information model has the capability to allow the tagging of similar types of entities and objects across the blockchain ledger, which can also be aggregated into standardized reports at a regulatory level.
These transactional capabilities allow system-independent exchange and analysis of significant quantities of supporting data and can be the key to transforming business processes, workflows, and reporting.
Advanced Records Management
The most unique and powerful capability of XDEX is the integrated Advanced Records Management system.
API-based Oracles for Smart Contracts
Certified partners can consume the cloud layer and integrate with XDEX to extend their current enterprise line of business application stack.
Asset Transfers & Payments
XDEX has the ability to send and receive assets to and from any account on the network. Each account can send tokens from their authenticated network wallet to any other named wallet account across the XDEX Network within seconds.
Blockchain Ledger
The core production XDEX Network blockchain is a decentralized protocol based on Delegated Proof of Stake consensus (DPoS).
Digital Certificates & E-Signatures
XDEX enables users to digitally sign documents within the ecosystem using the private encryption key system.
Document Types
The basic unit of record data in XDEX is the document type, which gets assigned to each document loaded into the network.
Document Uploading, Scanning, Importing, and Indexing
As part of a full solution implementation, XDEX can ingest documents out of business workflows in multiple ways.
Event Logging
XDEX logs and hashes every discreet event at every level across the network to provide immutable tracking of who did what, when, and where.
Identity Management & KYC / AML Integration
Connect real-world identity documents and data with hashed user accounts and controls across decentralized networks and data.
Key Management & Custody
XDEX has a robust certificate-based key management system that provides users with the ability to import and manage public and private keys for key signing and access control function.
OCR Processing
XDEX can be configured to automatically runs basic OCR (optical character recognition) on documents imported into the system.
Permissioning & Advanced Record Access Control
XDEX has a native Advanced Access Control List (ACL) system that provides highly granular permissioning to every object and function within the XDEX ecosystem.
Trading Engine
XDEX Trading Engine module powers a protocol-based marketplace function built on top of the consensus and operations layer of the XDEX Network blockchain.
Workflow States & Transitions
With the addition of state actions and transition triggers, the workflows in XDEX are no longer just informative but can be part of your actual business automation process.
XDEX Asset Wallet Management System
XDEX features an advanced blockchain wallet management system, which enables an enterprise level of governance and controls.