Chapter 1: Project Overview
MSX (domain: msx.com) is the world's leading decentralized platform for spot and derivative trading of stock tokens. Through blockchain and smart contract technology, it enables the on-chain digitization and trading of traditional financial assets, committed to breaking down geographical and institutional barriers and building a trusted, user-friendly digital asset ecosystem for global users.
Core Platform Value
MSX upholds the philosophy of "Free Asset Circulation, Borderless Investment," focusing on the tokenization of stock markets to provide global investors with on-chain spot trading of over 200 mainstream stocks and ETFs, as well as perpetual contract products for popular stock tokens.
Core Features
- Diversified Trading Products: Supports on-chain spot trading of 200+ mainstream stocks and ETFs
- Perpetual Contract Products: Offers perpetual contract trading for popular stock tokens
- Stablecoin Settlement: Supports mainstream stablecoins (such as USDT, USDC, etc.) as trading settlement tools
- High-Performance Architecture: Combines high-performance Layer 2 blockchain architecture with a self-developed efficient smart contract matching engine
- Ultra-Fast Trading: Supports second-level T+0 trading settlement, significantly enhancing the trading experience
Development History and Data
From its launch in April 2025 to October, the MSX platform has achieved remarkable results:
- ✅ Over 100,000 users
- ✅ Daily trading volume exceeding $100 million
- ✅ Trading volume growth of over 20,000x
- ✅ Completed US FinCEN MSB and STO registration
- ✅ Actively pursuing compliance licenses in multiple jurisdictions
Technological Innovation and Product Highlights
1. High-Performance Layer 2 Architecture
Utilizes EVM-compatible, high-throughput, low-fee modular blockchain infrastructure to ensure high-concurrency transaction processing and fast settlement.
Technical Advantages:
- EVM compatibility
- High throughput
- Low transaction fees
- Fast settlement
2. Smart Contract Matching Engine
Off-chain matching with on-chain settlement architecture, supporting multiple order types to ensure trading efficiency and security.
Matching Models:
- Spot Trading: Adopts PFOF (Payment for Order Flow) model
- Derivative Trading: Adopts OrderBook model
3. Spot Asset Custody and 1:1 Pegging
Through brokerage institution custody of stocks, ensures that tokens correspond 1:1 with actual stocks, with transparent and auditable capital flows.
Security Guarantees:
- Brokerage institution custody
- 1:1 asset pegging
- Transparent capital flows
- Auditability
Future Vision
MSX is committed to becoming the infrastructure for global digital asset trading, promoting deep integration of traditional finance and blockchain technology.
Strategic Goals
By building an open, compliant, and efficient blockchain trading ecosystem, MSX aims to achieve the following goals:
Empower Global Investors
- Achieve free asset circulation
- Support multi-dimensional investment strategy deployment
Drive Market Transformation
- Facilitate the transformation of global capital markets to on-chain operations
- Promote digitalization of financial markets
- Drive intelligent upgrading of capital markets
Build an Open Ecosystem
- Create an open trading platform
- Establish a comprehensive compliance system
- Provide efficient trading services
Source: MSX Whitepaper - Chapter 1