TechX”s Portfolio Company Catalyx Announces Listing of the CADX Stablecoin on the Bittrex Global Exchange – MENAFN.COM

SourceMENAFN
SectorFinancial Markets
CountryGulf

(MENAFN – PR Newswire) VANCOUVER, BC, June 9, 2021 /PRNewswire/ – TechX Technologies Inc. (“TechX”” or “the Company””) (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that its investment in CatalX CTS Ltd. (“Catalyx”) is proving to be an early success as it officially listed its Canadian stablecoin, CADX on the Bittrex Global Exchange .

Bittrex is one of the world’s top 15 cryptocurrency exchanges in terms of liquidity. CADX is a multi-chain Canadian Dollar pegged stablecoin merging the flexibility, security and speed of cryptocurrency with the stability of fiat. Every CADX token is fully backed and redeemable for $1 Canadian dollar and is held in an audited account managed by Prime Trust, a Nevada-chartered trust company that is the official regulated trustee and CVC administrator for CADX. Potential roles for the new CADX token are in cross-border payments and remittance, peer-to-peer...read more...