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A new cryptocurrency exchange, LXDX is planning to issue shares through a security token offering (STO) instead of the traditional initial public offering (IPO) or initial coin offering (ICO), according to the public statement of the platform.

Thus, LXDX will become one of the first companies issuing their stocks through STOs. Investors would be able to buy their cryptocurrency tokens which will, in turn, represent ownership shares in the company.

Security token offerings is an advanced kind of initial coin offering. They are designed to help blockchain companies raise funds while adhering to standards set by regulatory bodies

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