* Community Update — Dynex Security Token Process *
We acknowledge that members of the Dynex community are awaiting further details regarding the planned Dynex Security Token (ST). We would like to confirm that a comprehensive and formal announcement will be made in due course.
The ST framework, documentation, and execution process are currently subject to ongoing internal and external legal, regulatory, and compliance review. This includes coordination with professional advisers, counterparties, and service providers to ensure that all disclosures, procedures, and timelines meet applicable legal, regulatory, and market-conduct standards. While this process has taken longer than initially anticipated, it is a necessary and deliberate step to ensure regulatory robustness, investor protection, and orderly disclosure.
At this stage, no action is required from holders. Once the ST details are formally announced, sufficient time will be provided for all participants to:
- complete any required KYC/AML onboarding and whitelisting processes,
- make an informed decision regarding participation in the DNX-to-ST redemption offer, or
- alternatively, adjust their position via DNX trading on listed centralized exchanges.
As communicated during the Dynex Paragon announcement, the end of January was referenced as an initial decision reference point. We would like to clarify that there are no immediate plans to discontinue the DNX chain, nor will DNX be delisted on 1 February. On the contrary, in light of identified tax and regulatory considerations across certain jurisdictions, Dynex intends to maintain the option to redeem DNX into the Security Token for an extended period, for as long as required and practicable. The timing of any future changes to DNX trading or market structure has not yet been determined and will be communicated formally in advance, with sufficient time afforded to all holders to make informed decisions without time pressure or information asymmetry.
In the meantime, holders may have observed third-party disclosures relating to corporate developments. These reflect tangible progress on the institutional, financing, and governance side of the Dynex group, including, among other matters, the announcement of a EUR 55 million pre-IPO debt financing facility and the appointment of a listing sponsor. Such developments underscore Dynex’s continued advancement toward an institutional-grade framework. However, they should not be interpreted as a substitute for, nor a preview of, the forthcoming formal Security Token announcement, which will be communicated separately, simultaneously to all stakeholders, and in full once all requisite approvals and sign-offs are completed.
We appreciate the community’s patience and professionalism while these processes are finalised. Further updates will be provided as soon as it is appropriate to do so in accordance with applicable disclosure standards.
This communication is provided for informational purposes only and does not constitute, and should not be construed as, an offer, solicitation, or invitation to acquire any security or financial instrument.
