Decentralised EXchange (DEX)

A decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between traders.

The Decentralised EXchanges have no concept of a ledger of account, requires no contract to exist between any trading parties and no counterparties or custodians exist. The Coin or payment leg has identical AML/KYC requitements as all existing physical coins throughout human history ( last 4000 years), nothing changes with the introduction of the Decentralised EXchange. No privacy data is required or exposed by the operation of a Decentralised EXchange. and no keys leave the exclusive control of the trading parties.

Counterparty risk is always zero, for the first time in human history.

Decentralised exchanges represent a new form of equity marketplace, which trades directly both primary and secondary market on each corporation without the existence of any third counterparty. or any counterparty risk. In the case of the primary market only the corporation and the buyer exist and in the case of the secondary market only the buyer and seller exist ( the corporation has no direct involvement and is not a counterparty to either the buyer or seller). All market orders are executed as ,the trade is the settlement, per-to-peer via digital bearer securities.

Full decentralisation is not a philosophy it must be executed as fact, within the real world.

Each decentralised exchange operates Delivery vs Payment, via an atomic swap of two digital assets (security, currency leg). The payment leg traditionally precedes the asset leg of the trade.

As the trade is the settlement for each DEX, all trades are instantaneous and achieve legal finality to both legs of the trade. A typical DEX will execute an atomic swap based trade with legal finality in les than 10 seconds, anywhere on the planet today, while the old world still cannot globally manage T+1 days.

Order Book

The DEX operates via a tradition order book, which matches buy and sell orders, the intersection is the trade, which is also the settlement.

Digital Bearer Assets or Equity Securities

A traditional stock, for instance, is a share in a company. Shareholders are therefore co-owners who have a financial stake in the company. In return for the invested capital, the company gives the shareholder a stock. A stock can only be issued by the company itself and is subject to a number of regulations. Certain rights and obligations go hand in hand with the share, such as the opportunity to have a say or the right to participate financially in the company's success through dividend payments.

Digital bearer assets are issued by corporations and hence are subject to relevant corporations law. The bearer asset represents directly the corporations share equity and hence the underlying price of the stock. All digital bearer equity or stock are minted by the corporation without the need for any exchange listing or any third party control, subject to compliance with the relevant corporations Law under which the corporation was created.

Decentralised assets are tokenised physical real world assets or securities which always exist in a 1:1 relationship. There exists no leverage, financial instruments or derivatives within decentralised exchanges, only digital bearer assets.

The Future of Finance has Arrived...

The DEX supports the interconnection of the worlds exchanges, for the first time in human history, creating ties which bind the world together as a public good. The DEX underpins an interdependent world, connected by global flows of goods, services, capital, people, data, and ideas. Global value chains have been built on these flows, creating a more prosperous world.

Furthermore, no region is self-sufficient. The challenge therefore is to harness the benefits of interconnection while managing the risks and downsides of dependency—particularly where products are concentrated in their places of origin. The DEX equity markets affords an opportunity to allocate capital to where it generates the most return to its investors.

A decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between traders.

The Decentralised EXchanges have no concept of a ledger of account, requires no contract to exist between any trading parties and no counterparties or custodians exist. The Coin or payment leg has identical AML/KYC requitements as all existing physical coins throughout human history ( last 4000 years), nothing changes with the introduction of the Decentralised EXchange. No privacy data is required or exposed by the operation of a Decentralised EXchange. and no keys leave the exclusive control of the trading parties.

Counterparty risk is always zero, for the first time in human history.

Decentralised exchanges represent a new form of equity marketplace, which trades directly both primary and secondary market on each corporation without the existence of any third counterparty. or any counterparty risk. In the case of the primary market only the corporation and the buyer exist and in the case of the secondary market only the buyer and seller exist ( the corporation has no direct involvement and is not a counterparty to either the buyer or seller). All market orders are executed as ,the trade is the settlement, per-to-peer via digital bearer securities.

Full decentralisation is not a philosophy it must be executed as fact, within the real world.

Each decentralised exchange operates Delivery vs Payment, via an atomic swap of two digital assets (security, currency leg). The payment leg traditionally precedes the asset leg of the trade.

As the trade is the settlement for each DEX, all trades are instantaneous and achieve legal finality to both legs of the trade. A typical DEX will execute an atomic swap based trade with legal finality in les than 10 seconds, anywhere on the planet today, while the old world still cannot globally manage T+1 days.

Order Book

The DEX operates via a tradition order book, which matches buy and sell orders, the intersection is the trade, which is also the settlement.

Digital Bearer Assets or Equity Securities

A traditional stock, for instance, is a share in a company. Shareholders are therefore co-owners who have a financial stake in the company. In return for the invested capital, the company gives the shareholder a stock. A stock can only be issued by the company itself and is subject to a number of regulations. Certain rights and obligations go hand in hand with the share, such as the opportunity to have a say or the right to participate financially in the company's success through dividend payments.

Digital bearer assets are issued by corporations and hence are subject to relevant corporations law. The bearer asset represents directly the corporations share equity and hence the underlying price of the stock. All digital bearer equity or stock are minted by the corporation without the need for any exchange listing or any third party control, subject to compliance with the relevant corporations Law under which the corporation was created.

Decentralised assets are tokenised physical real world assets or securities which always exist in a 1:1 relationship. There exists no leverage, financial instruments or derivatives within decentralised exchanges, only digital bearer assets.

The Future of Finance has Arrived...

The DEX supports the interconnection of the worlds exchanges, for the first time in human history, creating ties which bind the world together as a public good. The DEX underpins an interdependent world, connected by global flows of goods, services, capital, people, data, and ideas. Global value chains have been built on these flows, creating a more prosperous world.

Furthermore, no region is self-sufficient. The challenge therefore is to harness the benefits of interconnection while managing the risks and downsides of dependency—particularly where products are concentrated in their places of origin. The DEX equity markets affords an opportunity to allocate capital to where it generates the most return to its investors.