LCX Exchange granted crypto license in Liechtenstein. The exchange was granted 8 out of the 11 crypto licenses in Liechtenstein. Under these licenses, LCX is now a regulated crypto exchange, digital asset custody provider, price oracle provider, digital asset compliance provider, smart-contract creator and token-offering platform, said LCX CEO Monty Metzger.
The exchange worked in Europe and Switzerland with retail crypto services and in the U.S. with security token services, but now those services are extended, allowing the business to custody and produce security tokens for its customers.
“If one of the banks wants to have [security token] clients worldwide and wants to go through Liechtenstein, they have to work with one of the regulated token generators,” Metzger said. “We are the only token generator in the region.”
[image: Oliver Schwendener]