LCX	2021-7-20 21:08

LCX, the Liechtenstein Cryptoassets Exchange, today announced a strategic partnership with Hedera Hashgraph. LCX is expanding its platform for the Hedera Hashgraph network to establish a new gateway for security tokens and tokenized digital assets.

With this new partnership, Hedera will leverage the technology infrastructure of LCX to expand the Hedera Token Service (HTS). Further, with the addition of a new security token standard; both teams will offer a new, secure, reliable, transparent, and compliant infrastructure for digital securities to users.

From this strategic partnership, the Hedera and LCX community will benefit in numerous ways:

The Liechtenstein Protocol: Implement a new standard for digital securities enabling on-chain and on-token-level compliance on the Hedera network. Security Token Standard: Develop a framework for the tokenization of securities, the infrastructure for security tokens, and corporate tokens (permission-based tokens). HBAR Listing on LCX Exchange: Listing of Hedera’s native cryptocurrency, HBAR, on LCX Exchange.

“It has been wonderful to see the wide array of innovative applications in the Hedera ecosystem. LCX is leading the way in creating blockchain-agnostic standards for the exciting area of digital securities; and leveraging Hedera’s unique properties of speed, security, and fairness with a low carbon footprint, will accelerate the adoption of this emerging market.”
– Leemon Baird, CTO & Co-Founder of Hedera Hashgraph

HTS + LCX

The Hedera Token Service (HTS) offers LCX and its clients the ability to issue and configure tokens on the Hedera platform; taking full advantage of the network’s performance, security, stability, and governance. HTS combined with LCX’s compliant token sale manager offers a faster and more efficient alternative to smart contract token creation.

“There is an immediate need for practicable standards for digital securities to help businesses around the world simplify and enhance how they issue security tokens; raise funds or establish new blockchain-powered financial instruments. LCX’s partnership with Hedera Hashgraph is an important milestone in our efforts to digitize traditional processes; and help spur innovation in this critical industry segment for the decades to come.”
– Monty C. M. Metzger, CEO & Founder of LCX

The Liechtenstein protocol, introduced at the top of the Hedera distributed network, will enable organizations to use LCX’s Liechtenstein Protocol framework to easily create security tokens with the ability to automatically enforce certain conditions related to legal and regulatory requirements applicable to securities, and enable the automatic compliance of the tokenized resource with predefined requirements embedded in the code.

The post Hedera Hashgraph and LCX team up to develop new security token infrastructure appeared first on CryptoNinjas.

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