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Ratings CDRX

Trade Equities and Bonds as Securitised Tokens

By converting existing equities and bonds into securitised crypto-tokens (Crypto Depository Receipts – CDRs), CDRX is allowing anyone to invest in financial markets, and buy a piece of any company with as little or as much money as they can afford. Buy an Apple CDR, you have the legal right to an Apple stock, including dividends, voting and all other shareholder rights. Buy 1/50 of an Apple CDR, and receive 1/50 of the rights. Tokenisation allows fractional ownership, lowers costs and shortens transaction times. Each CDR token gives the owner the legal right to the underlying stock or bond, which is held by an independent depository bank/trust on behalf of you, the token owner. CDRX is also building an institutional grade platform that operates 24/7 to allow you to trade both non-securitised tokens (eg. cryptocurrencies and utility tokens) and securitised tokens (eg. CDRs) safely and easily.

4.0
4 expert ratings
3.8
4.0
4.6
3.7
View rating distribution
Ended
Token
CDRX
Type
Price in preICO
1 CDRX = 0.5 USD
Price in ICO
0.5000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
preICO start
5th Nov 2018
preICO end
19th Nov 2018
ICO start
19th Nov 2018
ICO end
23rd Dec 2018
More on ICO
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Oct 27, 2018
5
5
5
18%

“Crypto Depository Receipts (CDRs) and native-issuance cryptoshares are the natural evolution of traditional equity ownership – a $77.7 trillion market – providing all the advantages of traditional stock ownership and the solution to its inefficiencies. The solution enables the tokenisation of both existing equity markets and all new equity issuance. More than just a functionally restricted approach, the solution delivers a suite of asset services (eg. dividend payments and voting) directly via the tokens, both faster and at substantially lower cost than existing methods.”

This project solves a real problem (or GAP) in the securitization of financial products. In particular, fractional ownership of publicly traded stocks.

Excited to see how this project develops.

All the best!

+1Agree
0
-1Disagree
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Hung Chih (Jason Hung)
Cofounder of International Consensus Association | Investor Relation | China Market
Rated on Nov 15, 2018
3
4
2
18%

The idea is interesting but it looks like a security token offering.
So investor should be very careful and watching to legal opinion before any further action.

And also I think investor can directly invest on stock instead of CDRX-to-CDR.

And what's the unique technology and capability to run this project? Please identify.

Agree
-1
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David WardICO team member replied on 18 Nov 2018
Disappointing that the reviewer has made no effort to understand the business before rating it - to help clarify any confusion:

1) STOs: The CDRX utility token and CDR securitised tokens are different. The CDRX utility token is the 'master key' to the full universe of CDR tokens. CDR tokens are backed by underlying assets. CDRX utility tokens are not backed by any underlying asset or cashflows. This is outlined in the white paper, explainer videos, website and icobench summary.

2) Stocks: The reviewer may prefer to trade whole stocks, but would be in a very small minority. The majority of investors are eager to benefit from cheaper costs, faster settlement and fractional ownership - buying into companies previously out of reach (among a considerable number of other benefits). Lesser benefits already underpin billions of dollars of global investment committed to tokenisation of assets. This is explained extensively in the white paper, explainer videos, website and icobench summary. Issuers also stand to benefit enormously from our approach, as demonstrated by the fact that we are approached frequently by large companies wanting to list on the platform as soon as possible.

3) Technology and capability: 120 years of combined financial services experience spanning trading, sales, structuring, technology, ecommerce, legal and regulatory - from tier-1 investment banks and the largest trading floors in the world. This is outlined in the white paper, one pager and website. I would refer the reviewer to our youtube channel for an example video of what to expect from the technology.

As the reviewers linkedin profile shows no subject matter expertise, it is disappointing he did not read the white paper, one page summary or the website - which are also available in both simplified and traditional chinese.

He is welcome to contact us for further clarification. Alternatively for an independent opinion, he may wish to contact Clemen Chiang (above) who is the most qualified of the reviewers to date.
Tinh Tran
ICO Advisor | ICO Communications Expert
Rated on Oct 17, 2018
4
5
4
17%

Team is solid but it would be bettet to have some high ranking crytpo funds or capital funds for backing as security token is still regulated by Gov.

But a good thing then is that the project is building a platform for trading botht utility and security so investors can have more options and confidence to join.

Waiting for the MVP!

Agree
-1
-1Disagree
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Alexis Berthoud
Entrepreneur | C-level | STO Advisor
Rated on Oct 25, 2018
4
4
4
8%

Nowadays it isn't enough to make a beautiful website and promise something in the future.
Now, to become a successful project and receive necessary investments it is important to:

- Platform token sale available ✅
- Innovation level - incremental - ✅
- Strong Competitor analysis ✅
- Core Team and not multi-position team
- marketing ICO budget ✅
- Events calendar ✅
- have max. transparency ✅
- have legally protected product ✅
- work actively with the community ✅
- have a powerful team and advisors ✅
- meet investors F2F ✅

Agree
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Benchy
ICO analyzer bot
3.8
40%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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Passed
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KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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