×
×A proposed Asian private-market RWA origination, regulated issuance and lifecycle infrastructure partnership.
approved Asian private-market products in the proposed pilot
to a controlled go/no-go gate
proposed strategic investment for 10%, subject to diligence
×Tokenized US public equities through providers such as Ondo and xStocks, plus MEXC’s customer reach, onboarding and trading infrastructure.
Asian property and private-business securities need local origination, due diligence, securities structuring, transfer controls and ongoing administration. Public-equity tokenization providers do not originate them.
Supply the regulated issuance and lifecycle layer behind a tightly controlled, MEXC-distributed pilot. It complements MEXC’s public-equity products rather than replacing them.
Sources: MEXC, “How to Trade Tokenized Stocks on MEXC”; Ondo, “Ondo Stocks.” Accessed 10 Oct 2026.
××Asset, disclosures, approvals and servicing obligations.
Structure, issue, apply transfer rules, maintain the controlling record.
Onboard eligible users and route orders to the NexStox venue.
Execute, record, reconcile and service the product.
Orders route from MEXC to the NexStox Labuan venue. MEXC does not operate the securities market. The venue records subscriptions and secondary orders, subject to confirmation of licence scope by counsel. Every transfer remains subject to product rules, investor eligibility and the legally controlling ownership record.
Sources: Labuan FSA Financial Institutions Directory; NexStox Terms of Use. Accessed 10 Oct 2026.
×An omnibus account simplifies operations. It does not make the underlying investors anonymous. Settlement: proposed default is daily net stablecoin settlement at a fixed cut-off, including weekends, confirmed in go-live testing and subject to legal and operational approval. MX is not customer margin; it may be assessed only as inter-firm settlement collateral after legal, treasury, liquidity, concentration and haircut analysis.
×Asian property and private-business securities that public-equity tokenization providers do not originate.
50% of distributable primary programme revenue, subject to counsel confirming the permitted compensation structure.
Proposed 10% ownership through a $2M investment at an $18M pre-money valuation.
Six months on each pilot product, from the first day of secondary trading, once the investment closes.
A time-limited first look at qualified private-market products. Duration and response period set in the term sheet.
Pilot monthly platform minimum waived while MEXC meets its integration, campaign and service commitments.
×approved private-market products. Asian-originated property or private-business securities selected after diligence. Each must pass legal, issuer, custody, technical and distribution approval.
Not in the pilot: listed-equity tokens, unrestricted global distribution, customer leverage, or settlement credit against MX. Trades are pre-funded from the MEXC omnibus stablecoin balance.
per product, from the first day of secondary trading, effective only after the proposed investment closes. During the window NexStox will not offer that product through another third-party exchange or broker.
Lapses if MEXC misses an agreed integration, launch, placement, campaign, liquidity, service or compliance milestone and does not cure within the agreed cure period. Carve-outs: NexStox venue execution, recordkeeping, issuer actions, legal transfers and scheduled existing partners.
Exclusivity is limited by product, channel, territory and time. Existing business and pre-existing partners remain outside the grant unless specifically scheduled.
×Illustrative issuer cash cost
11.5% of a $2 million raise.
The success and listing fees, less agreed third-party legal, trustee and custody costs passed through at cost. The remaining programme revenue is split 50:50.
Spent on the approved campaign. Ring-fenced: not distributable revenue and not divided between the parties.
NexStox receives a 0.10% venue fee per matched trade as venue of record. MEXC sets its customer fee schedule separately under final agreements.
Illustrative only. Pricing remains product-specific and subject to definitive agreements. Each party bears its own taxes; legally required withholding is handled under those agreements. Counsel confirms which MEXC entity may receive sales-linked compensation and where.
×proposed strategic investment
proposed ownership
pre-money valuation
post-money valuation
Non-binding term sheet targeted by day 30. Closing follows confirmatory diligence and occurs before the first product goes live.
Investment and pilot use separate definitive agreements. Exclusivity takes effect only when the investment closes; without it, pilot products run non-exclusively on standard partner terms.
No acquisition option, right of first refusal or right of first negotiation. Either party may later propose a separate strategic review.
Subject to full diligence: verified cap table, liabilities, historical accounts and forecast; agreed use-of-funds plan linked to the pilot and platform readiness; corporate, legal, technical, security and regulatory diligence; definitive investment documents and required approvals.
×Named integration team and delivery dates · launch placements and measurable campaign inventory or budget · liquidity support, service levels and escalation path · data transmission and regulatory cooperation.
Issuer and product readiness standards · diligence, documentation, issuance and lifecycle service levels · custody, ownership record and reconciliation controls · regulatory reporting and incident response.
×No product launches until counsel maps the offering, distribution, venue, custody, transfer and recordkeeping roles to exact legal entities and permitted activities.
NexStox Inc. (formerly GSX Labuan Limited) appears in the Labuan FSA financial-institutions directory.
The day-one data room will provide the exact entity, licence number, permitted activities, investor scope and territory for every NexStox, NX Market, CEZA, Musa Wealth, Hong Kong and custody-related role.
Eligible investors only.
Sources: SEC, “Statement on Tokenized Securities,” 28 Jan 2026; Labuan FSA Financial Institutions Directory; NexStox Terms of Use. Accessed 10 Oct 2026.
×Day 90 is a readiness decision, not a pre-committed public launch date. The parties approve, defer or reject a controlled go-live based on evidence: complete legal documentation, eligible jurisdictions, approved disclosures, operational controls, integrated support, acceptable liquidity arrangements and no unresolved critical defect.
×Exact entity, licence number, permitted activity and territory for every regulated role.
Issuer, asset, jurisdiction, target raise, stage, approvals and realistic launch window.
Sandbox, API documentation, workflow demonstration and control ownership.
Historical accounts, cap table, liabilities, forecast and investment use of funds.
Contracting entity, target-jurisdiction permissions, KYC/AML standard and complaints handling.
Selection standards, valuation basis, disclosure liability, default, fraud and suspension plan.
Custody agreements, segregation model, smart-contract audit and incident procedures.
Offering basis, distribution limits, venue analysis, tax, fees and ownership model.
×Executive, legal, product and technical owners.
Mutual diligence package and NexStox sandbox access.
Non-binding investment and pilot term sheet by day 30. Agreements close after confirmatory diligence and before the first product goes live.
Nothing launches without product-level counsel sign-off.
SOURCE NOTES
MEXC. How to Trade Tokenized Stocks on MEXC
mexc.com/learn/article/how-to-trade-tokenized-stocks-on-mexc/1
Ondo. Ondo Stocks
ondo.finance/ondo-stocks
SEC. Statement on Tokenized Securities, 28 Jan 2026
sec.gov/newsroom/speeches-statements/corp-fin-statement-tokenized-securities-012826-statement-tokenized-securities
Labuan FSA. Financial Institutions Directory
labuanfsa.gov.my/financial-institutions-directory?f=6937a43b0f6995c77d871d3d
NexStox. Terms of Use
nexstox.com/terms-of-use
All accessed 10 Oct 2026.
This document is a non-binding discussion draft. It is not legal, tax, investment or regulatory advice. Product availability, eligibility, fees, timelines, licensing scope and transaction structure remain subject to diligence, counsel, regulatory approval and definitive agreements.