Estonian digital trading platform DX Exchange will begin providing tokenized stocks on the Ethereum blockchain next week, the firm confirmed during a press release January. 3.

DX, which will reportedly be the primary exchange to supply such trading in a totally regulated environment within the EU, will use Nasdaq’s financial information exchange (FIX) protocol to deliver the product.

According to the company’s announcement, cryptocurrency users are able to purchase tokens which will be backed by stocks in various major firms, as well as Google, Facebook and Amazon.

The shares will be purchased on users’ behalf by MPS MarketPlace Securities Ltd., with which DX has an exclusive partnership agreement.

“Digital stocks combine the most effective of both worlds: blockchain technology and traditional stock investments,” the firm explained in the press release, continuing:

“Digital stocks are backed 1:1 to real-world stocks traded on conventional stock exchanges. you buy tokens for leading assets that you choose to invest in, like Google, Amazon, etc. Therefore, once you are a token holder, you own shares of the firm.”

DX 1st appeared as an idea in may last year, with the latest move making it a regulated trading platform for cryptocurrency, fiat currency and digital stocks.

Nasdaq has already dedicated itself to a future involving cryptocurrency and blockchain technology, with its own Bitcoin futures contracts reported to launch within the first half of 2019.

In Dec, the company’s venture arm was one of 3 major backers of a $27.5 million funding round in cryptocurrency exchange ErisX.

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