{"id":7237,"date":"2022-09-03T10:50:00","date_gmt":"2022-09-03T10:50:00","guid":{"rendered":"http:\/\/ci02a9bb3a300726a3"},"modified":"2022-09-03T10:50:00","modified_gmt":"2022-09-03T10:50:00","slug":"blockstream-sevenlabs-launch-decentralized-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/blockstream-sevenlabs-launch-decentralized-bitcoin-exchange","title":{"rendered":"Blockstream, Sevenlabs Partner To Launch Decentralized Bitcoin Exchange"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Blockstream, Sevenlabs partnered with Poseidon Group to launch a decentralized exchange for bitcoin and security assets.<\/li>\n<li>The exchange, XDEX, is being built on the open source protocol TDEX and will operate 24\/7. <\/li>\n<li>The app is expected to launch on IOS and Android in Q4 2022. <\/li>\n<\/ul>\n<p><a href=\"https:\/\/blockstream.com\" target=\"_blank\" rel=\"noopener\">Blockstream<\/a> and <a href=\"https:\/\/sevenlabs.io\" target=\"_blank\" rel=\"noopener\">Sevenlabs<\/a>, bitcoin infrastructure service providers, have partnered with <a href=\"https:\/\/poseidongroup.ch\" target=\"_blank\" rel=\"noopener\">Poseidon Group<\/a> to launch the first decentralized security token exchange for Bitcoin in Switzerland, per a press release sent to Bitcoin Magazine. <\/p>\n<p>The exchange, <a href=\"https:\/\/xdex.ch\" target=\"_blank\" rel=\"noopener\">XDEX<\/a>, will support assets within the Bitcoin ecosystem and allow peer-to-peer trading, effectively removing intermediaries from the transaction.<\/p>\n<p>\u201cThe use of P2P infrastructure by current financial markets is inevitable,\u201d said Lars Schlichting, XDEX general counsel.<\/p>\n<p>\u201cXDEX\u2019s launch is a milestone during this transition to a more decentralized financial system made possible by Bitcoin and will pave the way for other financial institutions and trading venues to evolve,\u201d Schlichting continued. <\/p>\n<p>Blockstream will provide access to the <a href=\"https:\/\/blockstream.com\/liquid\/\" target=\"_blank\" rel=\"noopener\">Liquid Network<\/a>, a layer-two application used to scale Bitcoin, enabling the trading of assets such as; bitcoin, Euro and Swiss Franc stablecoins, and other Liquid-based assets. Upon launch, which is expected to be Q4 2022, users will be able to trade <a href=\"https:\/\/blockstream.com\/finance\/bmn\/\" target=\"_blank\" rel=\"noopener\">Blockstream Mining Notes<\/a> and the <a href=\"https:\/\/www.infinitefleet.com\/sto\" target=\"_blank\" rel=\"noopener\">Infinite Fleet<\/a> equity token. <\/p>\n<p>Furthermore, Blockstream will also be providing access to the <a href=\"https:\/\/blockstream.com\/amp\/\" target=\"_blank\" rel=\"noopener\">Blockstream AMP<\/a>, which allows the management of programmable assets on the Liquid Network. <\/p>\n<p>In addition, users will be able to transparently access XDEX around the clock as the joint-venture is leveraging the <a href=\"https:\/\/tdex.network\" target=\"_blank\" rel=\"noopener\">TDEX<\/a> open source protocol, which will be managed by Sevenlabs.<\/p>\n<p>&#8220;By leveraging the Blockstream Asset Management Platform AMP, TDEX&#8217;s decentralized protocol, and Liquid&#8217;s Confidential Transactions and speed, XDEX forms a full stack of Bitcoin technology that is a blueprint for future securities exchanges and leads to the further reformation of the traditional capital markets and disintermediation,\u201d said Adam Back, CEO of Blockstream. <\/p>\n<p>Initially, XDEX will launch on Android and IOS as a mobile application and the team intends to develop a web-based platform in the future which will likely support more assets.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With XDEX, users can trade bitcoin, stablecoins and other assets related to bitcoin like Liquid assets in a P2P transaction, thereby removing intermediaries.<\/p>\n","protected":false},"author":2785,"featured_media":407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,287,698,361,93,2006],"class_list":{"0":"post-7237","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-blockstream","10":"tag-decentralized","11":"tag-exchange","12":"tag-news","13":"tag-sevenlabs"},"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/unnamed-12.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=7237"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/407"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=7237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=7237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=7237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}