DigitalX Ltd has launched a joint venture with US-based investment bank and broker-dealer Americas Executions (AmerX) to service the Security Token Offering (STO) marketplace.
The new entity, DX Americas, will provide blockchain and technical advisory services in addition to marketing and public relations services for Security Token Offerings.
“DX Americas will significantly expand the reach of DigitalX’s cryptoasset advisory business, both through tapping AmerX’s global network of STO investors and through building on their existing legal and compliance experience in STOs. It will also provide a major source of new clients to our growing services business in smart contract development and crypto media,” said DigitalX President Neel Krishnan.
AmerX has emerged as a leading investment bank in the cryptoasset sector, having recently acted as lead banker for trading platform tZero’s successful token raise of over USD $130 million.
AmerX is a member of the New York Stock Exchange and is a broker-dealer that is registered with the SEC and FINRA. It has significant activity across both public and private conventional financial markets.
“We are excited about the launch of DX Americas with DigitalX to deliver blockchain technology expertise, high value media and PR capabilities and significant capital raising capacity globally for the STO marketplace,” said AmerX CEO Fady Tanios.
AmerX has built a global network of security token investors that spans more than fifty countries.
Under the terms of the signed agreement, DX Americas will provide smart contract development, consulting on tokenomics, and media and PR services tailor made to STO clients. DigitalX and AmerX will offer capital raising services for security token offerings, utilising AmerX’s global client base of both accredited individuals and institutional investors and the company’s platform for investor onboarding and compliance.
“The STO market represents the next wave of blockchain-based asset adoption and with the secondary trading markets opening up in 2019, the timing for the new venture is right,” said DigitalX managing director Leigh Travers.
DigitalX selected AmerX as a joint venture partner following the company’s success managing the extremely high profile security token exchange STO of tZero. The partnership will broaden DigitalX’s reach into the US market. DX Americas will be led by Luigi Ghilardi II and DigitalX COO Scott Benson, and will be based in lower Manhattan.