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Bitfinex Owner Invests $1M in Dusk's Security Token Exchange

The investment from Bitfinex's parent will go on getting Dusk Network's security token exchange off the ground.

Sep 1, 2020 at 10:33 p.m. UTC
Updated Sep 14, 2021 at 9:51 a.m. UTC

Bitfinex parent iFinex has invested $1 million into Dusk Network, a Dutch-based company looking to create a regulated security token platform.

  • Announced in a press release Tuesday, Dusk said the capital would go toward a new exchange that will bring new types of tokenized assets to the European market.
  • Details remain thin on the ground, but the proposed exchange will list tokenized financial products such as equities, commodities, bonds and exchange-traded funds (ETFs).
  • It will be wholly separate from Dusk Network itself, a spokesperson told CoinDesk.
  • The exchange will adhere to the second Markets in Financial Instruments Directive (MiFID II) – a European Union regulatory framework for transparency and investor protection – and will, therefore, be able to operate across most of Europe.
  • A Dusk spokesperson declined to comment on whether iFinex will receive an equity stake or token share in return for its investment.

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