A single source of truth to decentralize market infrastructure
Blockchain continues to transform capital and investments with the adoption of Tokenized Securities, Assets, DeFi, and NFTs.
Securities issuers, custodians, brokers, transfer agents, banks and regulators must have a comprehensive data solution to define and enforce information governance, risk, and compliance across decentralized primary and secondary securities market infrastructure.
XDEX is a fully secure, cloud-native and open API enterprise technology platform and permissioned distributed ledger network that puts the control back into the hands of securities issuers and their investors.
XDEX is designed to support modern information requirements that can run in parallel to your enterprise systems.
With XDEX, you can achieve better data ownership, governance, risk and compliance by unifying data from multiple disparate sources into an easily consumable and accessible platform that can be securely embedded into smart contracts as an oracle-based solution.
By creating a single repository of all structured and unstructured data from internal and external sources, you can ensure information control and ownership as your assets move throughout emerging, global, decentralized markets.
Mathematically verifiable, cryptographically secured governance, risk, and compliance network
As a Web3 solution, XDEX helps non-technical people and organizations access automation of trust by helping organize blockchain and distributed ledger networks into user-friendly record repository libraries of documents and metadata.
By consolidating the entire iterative body of information about identities, entities, assets and transactions across organizations and legal jurisdictions, trust becomes automated with highly secured algorithms and cryptography.
The effort to audit and vouch for information as a form of trust can now be standardized and automated within the scope of any Information Governance, Risk, and Compliance (GRC) policy or Master Data Management (MDM) framework — even across multiple global legal jurisdictions.
The mathematically-verifiable, decentralized records network helps to establish a trusted, single source of truth between cooperating participants. The resulting immutable record of documents, data, and information eliminates the risks and redundancies between people, organizations, and entire industries.
How does XDEX work?
Business metadata and governance are captured and stored in a single source of truth repository, and then hashed as cryptographic information within XDEX.
The body of metadata is indexed and categorized as a standardized, taxonomy-based system that can be further exposed to public blockchains via an API to be consumed by smart contracts on the chain.
Authorized smart contracts and tokens on public chains can send and retrieve data to and from XDEX through authorized API calls as an oracle system as they move throughout the global, decentralized market ecosystem.
Smart contracts and tokens can be generated on any common public chain network ecosystem for use across the global capital market infrastructure.
All parties related to any market activity may utilize the smart contract or token within their own business process while ensuring business documents, metadata, workflows, and governance remain consistent and intact across post trade market settlement across any jurisdiction.
When a record vault is created on the XDEX Network, a corresponding cryptographic hash is created on the XDEX Network blockchain ledger.
When a document is loaded into a record vault through XDEX Pro SaaS platform or XDEX Enterprise, the binary of the document file is hashed and encrypted. Then the text of the document is extracted and also encrypted. Then the file and all the associated metadata about the document is hashed into a unique cryptographic code that works like a fingerprint. That cryptographic hash is then separately encoded onto the XDEX Network distributed ledger.
Because it is based on a blockchain, the hash records stored within the blocks of data are distributed, which makes them extremely difficult to attack or alter.
Because XDEX is a blockchain-based single source of truth for information records and data, anyone interacting with the common data set benefits from the secured, shared network.
- Corporate Issuers
- Investment Banks
- Broker Dealers
- Asset Managers
- Government & Regulators
- Transfer Agents
- Law Firms
- Accounting & Internal Controls
Why is this better?
We focus on making a person, entity, asset or transaction provable — because the underlying documents already exist and are already provable.
A standardized system of record network of provable documents and data 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 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
Learn more about XDEX
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 global regulatory framework.