AlphaEx.net will maintain XinFin’s XDC trading pair against Ethereum, Bitcoin and Ripple to provide liquidity for it’s tradefinex, remittance and IoT Pilot projects with global institutions.
(For Immediate Release) AlphaEx.net today announced that it will start XDC/ETH, XDC/BTC and XDC/XRP trading pairs to assist XinFin.org on its various pilots for remittances, tradefinex and IoT pilot projects that various regulated global institutions are currently undertaking on XDC01 protocol. XDCs or XinFin Digital Contracts are the native fuel that power the XinFins Hybrid Blockchain network. Alphaex.net is an emerging digital asset exchange that aims to follow regulatory standards and compliances for dealing with real-world enterprises.
Peter Yeo, Compliance Advisor at AlphaEx.net, said:
With the recent regulatory announcements around compliance standards and licenses for digital asset exchanges, alphaex.net will be following Industry’s best AML/KYC standards and will work on protection of trade for it’s customers. At Alphaex.net, we aim to assist the various global institutions that are working on XinFin’s XDC protocol. The ongoing pilots include real-time monitoring of infrastructure projects using IoT. Pilot projects also include the emerging tradefinex.org platform for various trade associations and regulated banking, fintech partners. Digital asset exchanges today face various challenges that include gaining regulatory clearances and an ability to work with banks and real-world enterprises. We at AlphaEx.net aim to be one of the best digital asset exchanges platform that will be fully compliant with the existing laws and framework.
He further continued:
Among various pilots that will be conducted on AlphaEx.net will be fixed rate remittances, Token of Trust for Global Trade, digitization of real-world assets and Finance and providing settlement layer for the IoT enabled projects.
Alphaex.net has extended invitations to regulated enterprises and financial institutions around the globe who can make use of the alphaex.net platform to offer fiat currency pairs against XinFin XDCs where participating institutions are authorized to operate.
XinFin or eXchange InFinite is currently evolving its hybrid XDC01 protocol that lets enterprises maintain a private state and a public state on the same Blockchain that provides secure, scalable, higher through-put network platform for global FinTech institutions. XinFin has signed agreements with over 10 global institutions that aim to make use of XinFin’s Hybrid Blockchain model to disrupt various industry verticals such as remittances, travel, supply chain, assets and Projects financing.
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Images courtesy of AlphaEx