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ICON Foundation And LCX Innovate On Security Token Infrastructure

Liechtenstein Blockchain Innovator LCX announces a new partnership with ICON Foundation. ICON Foundation and LCX have signed a memorandum of understanding and agreed on a long-term strategic partnership.

The emergence of tokenization is transforming the financial industry. New digital securities, also known as security tokens, based on blockchain technology might unlock trillions of dollars in currently illiquid assets, and result in an increase in total volumes of trades. A scalable technology framework is of vital importance for these new digital securities, while ease-of-use and security needs to be maintained. 

ICON Foundation and LCX have agreed to collaborate.
Benefits of this partnership include: 

  • exchange of knowledge and sharing of insights on security token infrastructure, compliance solutions and regulation technology.
  • working closely together to develop new standards for tokenized assets and how it could interconnect with other blockchains participating in the ICON network.
  • sharing of operational infrastructure in Liechtenstein and South Korea.

“We continue to expand our partner ecosystem to add more value for our customers,” said Monty C. M. Metzger, CEO and Founder of LCX. “Partnering with ICON Foundation allows us to deliver more innovative solutions in the long-run, starting with security token standards and cross-blockchain payment capabilities,” said Monty C. M. Metzger, CEO, and Founder of LCX. 

“I remember meeting Monty and the LCX team in Liechtenstein in December 2018. We’re impressed with the progress that they’ve made in the security token space, and we’re excited to explore opportunities for ICON,” said Min Kim, Founder and Chairman of ICON Foundation. “We are proud to partner with LCX to exchange knowledge and expertise with the intention to enable international growth of digital assets.”

About ICON Foundation:
ICON Foundation supports the promotion and development of the ICON Project (“ICON”​ or “ICON Network”​). ICON is one of the largest blockchain networks in the world. ICON’s decentralized network allows independent blockchains with different governances to transact with one another without intermediaries. ICON is a vision with a proven track record and has progressed beyond the initial concept stage. ICON already boasts independent blockchains comprised of reputable institutions in major industries – banks, securities, insurance, hospitals, universities, and more.

About LCX: 
LCX, the Liechtenstein Cryptoassets Exchange, is a global fintech company that provides a range of products and services for the token economy in a regulated and compliant manner. Founded in 2018, the firm is headquartered in Vaduz Liechtenstein and maintains offices in Switzerland and India.

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