STX.SWISS is a decentralized exchange for security tokens and security token offerings. built on the public ethereum blockchain utilizing the uniswap exchange protocol. The exchange has recently opened the gates for issuers of security tokens which include already existing securities and firms which are aiming to issue new tokens.
Details About the Exchange
STX.Swiss offers a peer-to-peer protocol for trading to the users. The exchange can be accessed by anyone using the Coinbase mobile wallet, Metamask, and TrustWallet (acquired by Binance in 2018). The decentralized exchange uses the Uniswap protocol on the public Ethereum network meanwhile, achieving zero-fee exchanges, as well as censorship resistance and security.
The newly launched exchange is set to kickstart its functioning with a handful of digital assets that are not unanimously considered security tokens and it will not require a KYC procedure for trading them. But once after security tokens are listed, the market will perform a screening of its traders and further require identity verification. It has already listed 3 tokens (DAI, Maker & XCHF) and in the near future is set to list its first security token, named “IMMO Token”, which represents equity of blockimmo Ltd.
What is Uniswap
Uniswap is a truly decentralized exchange, native to Ethereum. It is a protocol for automated token exchange on Ethereum. It is structured to have ease-of-use, gas efficiency, censorship resistance, and zero rent extraction. Uniswap removes the order-book and matching engine from the overall system, and distributes market making over liquidity providers. For a more detailed analysis, read the blog post by Michael Dietz, one of the project’s chief developers here