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ICON Foundation And LCX Partner to Innovate On Security Token Infrastructure

05-12-2020 06:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: LCX AG

ICON Foundation And LCX Partner to Innovate On Security Token Infrastructure

ICON Foundation And LCX Partner to Innovate On Security Token Infrastructure

VADUZ, Liechtenstein, and Seoul, South Korea - Liechtenstein Blockchain Innovator LCX declare another association with ICON Foundation. ICON Foundation and LCX have signed a memorandum of understanding and concurred on a long term partnership.

The rise of tokenization is changing the monetary business. New advanced protections, otherwise called security tokens, in light of blockchain innovation, may open trillions of dollars in as of now illiquid resources, and result in an expansion in absolute volumes of exchanges. A versatile innovation system is of essential significance for these new advanced protections, while convenience and security should be kept up.

ICON Foundation and LCX have consented to team up.

Advantages of this partnership:

1. Trade of information and sharing of bits of knowledge on security token foundation, consistence arrangements, and guideline innovation.
2. Working intently together to grow new gauges for tokenized resources and how it could interconnect with different blockchains taking an interest in the ICON to arrange.
3. Sharing of operational foundations in Liechtenstein and South Korea.

"We keep on growing our accomplice biological system to include more an incentive for our clients," said Monty C. M. Metzger, CEO, and Founder of LCX. "Partnering with ICON Foundation allows us to deliver more innovative solutions in the long-run, starting with security token standards and cross-blockchain payment capabilities," said Monty C. M. Metzger, CEO, and Founder of LCX.

"I remember meeting Monty and the LCX team in Liechtenstein in December 2018. We're impressed with the progress that they've made in the security token space, and we're excited to explore opportunities for ICON," said Min Kim, Founder, and Chairman of the ICON Foundation. "We are proud to partner with LCX to exchange knowledge and expertise with the intention to enable international growth of digital assets."

Herrengasse 6
9490 Vaduz

About LCX:

LCX, the Liechtenstein Cryptoassets Exchange, is a global fintech company that provides a range of products and services for the token economy in a regulated and compliant manner. Founded in 2018, the firm is headquartered in Vaduz Liechtenstein and maintains offices in Switzerland and India. -

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