NXT AE, the future currency asset trading platform

NXT Asset Exchange (NXT AE) is a P2P client that allows users to issue and trade securities using NXT (Futurecoin) as a settlement unit. Futurecoin is a digital currency based on a proof-of-stake mechanism.

Unlike the current traditional mainstream financial market, NXT AE is a decentralized trading platform because transactions in NXT AE are processed by nodes run by computers around the world. In addition, since there is no central entity to control the platform, transactions on the platform are censorship-free and there is no possibility of funds being frozen or transactions being blocked.

Since NXT lacks the infrastructure to directly exchange for fiat currency, it needs to use Bitcoin to provide users with a "ramp" to participate in the trading market. People's demand for securities trading under political freedom has enabled NXT AE to gain a huge market. There are many different projects on the platform, and the market valuation of all listed projects is about 20 million US dollars.

NXT AE is breaking down the barriers of traditional investment banking. Traditional equity financing is expensive and has high compliance costs, so it is too expensive for smaller companies to raise funds through large platforms such as the New York Stock Exchange or Nasdaq.

Global Bitcoin Stock Exchange, BTC-TC and Bitfunder are among the pioneers of the "micro-IPO" model, using Bitcoin as the base currency and settlement mechanism. However, these platforms failed because they were centralized. Colored coins and BitShares were both committed to decentralized asset trading platforms, but never succeeded. NXT will continue their goal to realize the NXT decentralized asset trading platform. NXTReporting.com is a website that publishes information about NXT asset transactions. It lists the trading volume of all assets in the first 30 days - 39.5 million NXT, equivalent to $233,000 (at the current exchange rate).

A popular NXT asset models itself like a hedge fund. SuperNET has a market cap of $695,000 and the fund currently holds 10 different digital currencies, paying dividends from the currencies held. According to SuperNET's website, the criteria for becoming a core part of the fund depends on the technological innovation of the currency. No Bitcoin is held in the fund.

Liquid Technologies trades on NXT AE under the ticker LQD with a market cap of 96 million NXT ($568,000). The company trades NXT on different exchanges, providing liquidity to the market and thereby earning some profit. Currently, each share is 96 NXT, compared to 87 NXT per share on November 1, 2015. According to the balance sheet published on the Liquid Technologies website, the fund may have substantial counterparty risk because it holds assets on Cryptsy Exchange.

Original article: https://news.bitcoin.com/20-million-stock-market-nxt-asset-exchange/
By Garrett Keirns
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information (http://www.8btc.com/nxt-ae)