Stellar Support Added to BlockEx Exchange Network

BlockEx, the digital asset exchange provider for institutional-grade

financial markets, has announced that it now provides support for Stellar

based digital assets across its trading exchange network.

Adam Leonard, CEO at BlockEx, said: “Delivering support for Stellar

protocol digital asset issuing and trading is strategically important to us,

our white label brokerage partners, and our token sales clients. Now that

Stellar support is live, we’re readying the launch of our first Stellar-based

assets, including primary and secondary token sales on our exchange platform.”

Stellar is an open-source protocol for exchanging money or tokens using

blockchain technology. It uses Distributed Ledger Technology (DLT) to connect

banks, payment systems and people to facilitate low-cost, cross-asset transfers

of value.

Global mobile service provider YOVO endorsed the announcement. “Adding

support for Stellar is a smart move for BlockEx as it opens up many more

opportunities; and we look forward to working with them,” said Richard Skaife,

CEO at YOVO. “We’re all about changing how mobile services are accessed every

day and everywhere. Our customers already use 40 cryptocurrencies and altcoins

to pay for mobile services and top-up at more than 500 global mobile operators.

Stellar provides YOVO a fast and virtually cost free way to transfer value back

to the users of our soon to be launched SIM networks.”

/Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length.