IX.Swap reveals upcoming IDO on the OccamRazer launchpad
By Joy Dumasia
IX.Swap, one of the world’s first DeFi automated market makers and liquidity pool providers for security tokens and tokenized stocks, will make its debut launch through the OccamRazer decentralized launchpad.
IX.Swap is the last piece of the blockchain infrastructure puzzle needed to bring the security token and tokenized stock industry to life on Cardano, following the release of smart contracts through the Alonzo hard fork. With the ultimate goal of becoming the leading liquidity provider for all security token exchanges globally, IX.Swap will finally bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi).
IX.Swap allows security token holders to become liquidity providers by providing their security tokens into a liquidity pool and receiving a share of the pool fees in return. In turn, this opens an entirely new opportunity for security token holders to earn a passive return on their holdings.
Alice Chen, General Counsel and Co-Founder of IX.Swap says: “At IX.Swap, we have a vision of transforming the security token landscape significantly. According to leading banking experts, crypto and digital assets have the potential to replace fiat currencies within the next five years, and we firmly believe that security tokens will represent a similar seismic shift in the securities markets. We’re delighted to be working with OccamRazer, another DeFi innovator and Cardano-backed launchpad, to launch our $IXS initial decentralized offering.”
Elliot Hill, Head of Communications at Occam.fi, says: “Through IX.Swap’s upcoming IDO, yet another leader joins the OccamRazer ecosystem. We’re constantly reiterating our commitment to bringing quality projects to the Cardano ecosystem, and we’re excited to work alongside IX.Swap as they transform the security token landscape.”
IBS Intelligence recently reported that The Occam Association has announced that EMURGO has become a strategic partner of the Occam.fi ecosystem. EMURGO, a global emerging technologies company providing custom-built solutions and one of Cardano blockchain’s three founding entities, has been a solutions developer, accelerator, and education provider for the Cardano ecosystem since early 2017.
IBSi Prime News
October 18, 2021
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