Canadian regulatory authority - Ontario Securities Commission (OSC) has granted a license to a temporary platform TokenGX. This is an important step towards full trade regulation tokensreflecting actual assets.
TokenGX launches the pilot platform "FreedomX"
Ontario Securities Commission, a Canadian regulatory entity, has issued permission to launch the platform STOwhose operator will be TokenGX.
It will be a pilot, temporary pilot program called 'FreedomX"For exchange security tokens.
According to the plan, it is to be implemented by 17 on April 2021, and users of the platform can only be people living in Ontario.
If the project passes the exam, its scope will most likely be extended.
To ensure a high level of security, Token GX has ensured that its platform is compatible with the KYC and AML protocols.
The OSC acceptance of the "Freedom X" project is of great importance for improving security tokens trading.
A breakthrough in the issue of STO regulations on the Canadian market
The "Freedom X" platform will be based on blockchainie Ethereum, and unlike most secondary markets, will also be open to retail institutional investors, with an investment limit of 2500 USD set for them.
This is a much lower cost compared to traditional platforms, and what is important, the platform ensures greater liquidity of transactions.
The information about the TokenGX project was received with great enthusiasm, and the position of the OSC can be considered a kind of breakthrough, heralding a change in the attitude of Canadian regulators towards STO, which have so far been quite skeptical about this area.