CDRX

company

About

Trade global equities, bonds and derivatives as securitised tokens (Crypto Depository Receipts) - faster, cheaper and fractionally

Details

Last Funding Type
Series A
Last Funding Money Raised
$15M
Industries
Banking,Blockchain,Financial Exchanges,Financial Services,FinTech,Stock Exchanges,Trading Platform
Founded date
Jan 1, 2018
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
CDRX Limited

CDRX is a fintech company targeting the $600tn securities markets - both existing and new issuance. Its Crypto Depository Receipt (CDR) product is an adaptation of the American Depository Receipt framework combined with blockchain and smart contract technology. Its team come from banks including Goldman Sachs, JP Morgan, HSBC, Deutsche Bank, UBS, MUFG, Citi and Merrill Lynch - 100+ years of combined financial markets experience spanning trading, structuring, sales, technology, ecommerce, legal and regulation.

In addition to the CDR product, its enterprise grade trading platform is designed to support institutional clients, including offering optional settlement via SWIFT/CCPs and regulated custody.

▪️ Investors:
Trade securities like crypto-currencies. Faster settlement, lower costs, and the ability to buy stocks or bonds that would previously have been out of reach (fractional ownership)

▪️ Issuers:
Pay dividends, conduct voting and execute corporate actions directly through the CDRs. Lower costs, elimination of intermediary errors and improved efficiencies

▪️ Asset backed (security) tokens:
CDRs are securitised tokens, backed by real-world assets, whose value matches the value of the underlying stock or bond that each CDR represents

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$19M
CDRX has raised a total of $19M in funding over 2 rounds. Their latest funding was raised on Jan 16, 2019 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 16, 2019 Series A $15M Detail
Jun 1, 2018 Seed $4M Detail
Apr 1, 2018 Seed Detail
Feb 1, 2018 Seed Detail

Employee Profiles

Number of Employee Profiles
13
CDRX has 13 current employee profiles, including Advisor Toni Hilti
Advisor
Executive
Employee
Executive