DACX- Real Digital Asset’s Market Controller

Digital Assets and Commodity exchange, in short DACX , is a tech-based starting up located in London. It is not like most other money market or capital market where hard cash is being handled. It is a market based on cryptocurrency.

Cryptocurrency is a kind of digital currency, mostly in the form of token, which assured the transformation of assets into digital mean and is highly secured in the tokenized sector. DACX is a market with the formation of the legendary advanced system called Blockchain . The implementation of the Blockchain makes the market and all other investments and transactions safer and smoother. BlockChain involves so many computers in a platform that makes a digital ledger which is used to record simultaneous transaction across many computers so that no record can be changed retroactively. If anything happens without informing another computer, the system stops working automatically.

Therefore the idea of DACX remains intact and flawless due to the supervision and potential use of BlockchainBlockchain in the system. For this successful integration of Blockchain in the business makes it more prominent to an international organization. For example, DACX has been chosen for piloting by the Global Financial Innovation Network. The organization proposed to ease the cross-border transaction by using token, smart contracts, or other medium like escrows where there are multi-currencies has been used at a time.

With the affiliation with Tech Accelerator LEVEL39, The DACX is eloving with a vision to supply an upgraded version of digital assets exchange, which required machine learning and DLT to make a secure and smooth market place. The goal of DACX is to bring a primary and secondary market where there will not be any traditional cryptocurrencies by getting of the era of tokenized securities and regular commodities. Thus the product of DACX provides solutions to the professional, retail sectors, and institutional-grade clients.

The DACX has crossed a long way. Though it was in a premature stage, potential decision-makers did not want to seek for an external source of funding due to many reasons. Before arranging external investment, it wanted to settle- firstly, for clear strategy and development, it allows an independent environment; secondly, creativity and innovation are to be enhanced and risked, thirdly, paying more attention to customers. These really worked a lot.

This made the organization stay firmed and remain constant in terms of altering the regulatory landscape and appetites of the investor towards ICO’s. During this journey, the organization remains focused not only on developing its products but also on maintaining the formation of affiliation with the blockchain community. DACX really builds a heavy relationship with potential and established organizations in this sector.

To mitigate present and future regulatory risk, DACX needed to form a design in the core architecture level because DACX is a centralized exchange , and it has a target of listing STO’s in the near future. They are to integrate their platform with KYC, AMM, and AML to observes and examine real-time risk, which controls doubtful market behavior.