Apple, Google and Amazon securitised tokens to begin trading on CDRX from 2019 - Reuters


Apple, Google and Amazon securitised tokens to begin trading on CDRX from 2019

Apple, Google and Amazon securitised tokens to begin trading on CDRX from 2019

Wed Sep 12, 2018 - 13:00pm UTC

Securitised equity tokens to start trading on household names as early as Q1 2019

Singapore, Singapore – September 12, 2018

Firm announces securitised equity tokens to start trading as early as Q1 2019. Nicknamed “Crypto Depository Receipts”, the tokens adapt American Depository Receipts to modern financial markets.

A firm called CDRX has designed an approach to securitisation that fits seamlessly into existing legal and technology frameworks. By buying equities in existing markets, placing them with a depository bank or trust, and then issuing tokens legally backed by the underlying assets, CDRX is delivering securitised tokens to global investors. Crucially, direct participation from issuers is not required, opening the entire financial market to conversion based on investor demand.

The CDR tokens contain functionality to allow corporate and governance actions to be conducted by issuers ‘on-token’, meaning dividends and voting can be executed at “near-zero” cost, and aligning CDRs with snowballing corporate demand for cheaper and more efficient ‘virtualised’ AGMs. CDRX sees savings of as much as 95% per year for issuers and investors alike.

CDRX CEO, David Ward, expressed his enthusiasm for spreading developments in financial markets, saying “It has been more than a year since we first adapted American Depository Receipts to create a bridge between incumbent and developing technologies. We are gratified to see large broker/dealers also now embracing our idea. ADRs are a 90-year-old proven and trusted approach, which when combined with technologies perfect for use in financial markets, will drastically increase efficiencies for investors and issuers alike. We are at the forefront of these developments and subject to regulatory approvals, look forward to launching CDRs on household names, in selected jurisdictions, from early 2019.”

In addition to the CDR product, CDRX is seeking regulatory approval for an enterprise grade trading platform, supporting institutionally recognised settlement and custody options, allowing direct participation of broker/dealers and asset managers.

CDRX’s announcement comes alongside wider adoption of the ADR model, including a recent announcement from Citibank, outlining “Digital Asset Receipts” (DARs) on bitcoin. The first ADR was issued in 1927 by JP Morgan.


CDRX has offices in London and Singapore, includes veteran bankers from Goldman Sachs, JP Morgan, Merrill Lynch, HSBC and UBS, and is backed by a global hedge fund and an Asian family office.

Visit for more information



Contact Info:
Name: Media Relations
Organization: CDRX, press office
Phone: +65 31593435

This content is produced independently of Reuters Editorial News. For content inquiry, please contact

For content enquiry, please reach us at

Latest News >

Canopy Power raises Series A round for regional expansion of Solar Microgrids

The renewable energy startup builds microgrid solutions and targets people who rely on diesel.

06:45am UTC

Fave raises over US$20 million in Series B funding from Sequoia India, SIG Asia

The mobile loyalty and rewards platform plans to use the proceedings to expand exponentially and reach 100,000 offline business by 2019.

06:37am UTC

Malaysian Dairy Firm The Holstein Milk Company to receive investment from Dymon Asia

The capital will help THMC expand its milk production capacity and strengthen its foothold in Australia.

06:23am UTC

Singapore VisVires New Protein Capital to co-lead US$10.6 million round for Mitte

Mitte is the first of its kind smart home water system that turns plain tap water into mineralized water at home.

15:15pm UTC

Amata Holding begins Share Sales in prep of YSX Listing

Amata Holding Public Company Ltd started selling shares worth K10 billion (about US$6.4 million) on August 26.

05:19am UTC