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CDRX

ICO Ended
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By converting existing equities and bonds into securitised crypto-tokens (Crypto Depository Receipts – CDRs), CDRX is allowing anyone to invest in financial markets, and buy a piece of any company with as little or as much money as they can afford.

Buy an Apple CDR, you have the legal right to an Apple stock, including dividends, voting and all other shareholder rights. Buy 1/50 of an Apple CDR, and receive 1/50 of the rights. Tokenisation allows fractional ownership, lowers costs and shortens transaction times.

Each CDR token gives the owner the legal right to the underlying stock or bond, which is held by an independent depository bank/trust on behalf of you, the token owner.

CDRX is also building an institutional grade platform that operates 24/7 to allow you to trade both non-securitised tokens (eg. cryptocurrencies and utility tokens) and securitised tokens (eg. CDRs) safely and easily.
8.4
TOTAL SCORE
8.8
ICO PROFILE

(weight: 45%)

7
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

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General
Website: Visit
White paper: Read
Bounty: Bounty
Pre-sale Time: 05 Nov 2018 - 19 Nov 2018
ICO Time: 19 Nov 2018 - 23 Dec 2018
Whitelist/KYC: Whitelist + KYC
Country: Singapore
Token info
Ticker: CDRX
Platform: Ethereum
Token Type: ERC20
Available for sale: 200,000,000 CDRX (50%)
Financial
Pre-sale Price : 1 CDRX = 0.5 USD
ICO Price: 1 CDRX = 0.5 USD
Accepting: BTC, ETH, Fiat
Soft cap: 1 CDRX = 5000000. USD
Hard cap: 1 CDRX = 100000000. USD
01-Feb-18
CDR testing began with a closed set of clients.
05-Mar-18
Roadmap for regulator engagement laid out.
07-May-18
Development of Exchange started.
22-Jun-18
Agreement to use (and right to buy) sharemarket.com for Exchange.
15-Jul-18
White paper released to the public.
Q4 2018
Audit and penetration testing of Exchange begins (weekly);

Launch of Exchange (ver 0.9) - closed beta;

Indices defined;

Non-securitised market makers onboarded;

Listing service provider agreements signed;

Algo toolkit (ver 0.9 beta) launches.
Q1 2019
Release of Exchange (ver 1.0);

Rating agency agreement for new issuance signed;

Launch of industry think tank – tier 1 banks and brokers, business and technology;

Algo toolkit (ver 1.0) released;

CCP agreement signed;

CDR market makers onboarded;

Regulator approvals received (small jurisdictions);

Equity CDRs open to the market in approved jurisdictions;

Exchange trading of CDRs begins among approved investors;

Extension into cash bond CDRs.
Q2 2019
Indices launch and licensing (including 6 months of history); Sponsorship of collaborative R&D programme across industry and universities;

Custody service (ver 0.9 beta) launches;

Launch of institutional OTC desk.
Q3 2019
Custody service (ver 1.0) released;

Extension into derivative CDRs and native issuance;

Licensing of liquidity to brokers and banks;

Purchase of stake in an authorised and regulated exchange;

Release of decentralised Exchange (ver 2.0), non-securitised .
Q4 2019
Regulator approvals received (mid-sized jurisdictions).
Q4 2020
Regulator approvals received (large jurisdictions).
Q2 2021
Purchase of stake in traditional bank enabling improved ‘real-world’ integration.
Screenshots taken on 3 Nov 2018
David Ward
CEO
Takes part in this project only
Matthew Spittle
CTO
Takes part in this project only
Zung Le
Head of Market Microstructure
Takes part in this project only
Thanh Nguyen
Head of Software Engineering
Takes part in this project only
Mo Hakeem
Head of eCommerce
Takes part in this project only
Ethan Low
General Counsel
Takes part in this project only
Thomas Sandberg
Head of Sales & Structuring
Takes part in this project only
Wei Bing Lee
Head of Regulatory
Takes part in this project only

Advisors (6)

Phavie Leang
Primary Markets
Takes part in this project only
Jean-Laurent Wotton
Startup & Blockchain Marketing
Participates in several projects
Nozomu Nakazato
Crypto Marketing
Participates in a number of projects
Andreas Hauser
Crypto & Blockchain Growth Hacker
Takes part in this project only
Toni Hilti
Tech Entrepreneur
Takes part in this project only
Lex Sokolin
Title: Fintech and Crypto Futurist
Takes part in this project only
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