DAEX (Digital Assets Exchange) is a distributed digital asset clearing ecosystem built using a blockchain-based multi-asset clearing and settlement protocol. By decoupling assets and transactions, the system will provide exchanges, corporations and individuals with a full range of clearing and wallet solutions which address key issues in the digital asset ecosystem, such as credibility, availability and the security of their digital assets. In this way, the ecosystem will protect the interests of investors while promoting the fair and stable development of the industry as a whole. Key DAEX partners include Qtum Foundation, 8 Decimal Capital, DFJ Dragon Fund, IDEL, J One Capital, JRR and various other prominent investment organizations. The project was established after Benjamin Gu, the Chairman of the Global DAEX Foundation, realized the potential of distributed ledger technology and how it could be used for clearing cryptocurrency trades. Centralized exchanges are the most common types of exchanges used for cryptocurrency trading, although they lack transparency when it comes to clearing trades and storing their customers’ assets. Exchange hacks have been a common event in recent history, and hackers have successfully stolen large sums of cryptocurrency from several exchanges such as Mt.Gox, Coincheck, Bithumb and Coinrail amongst many others. A change in the centralized exchange infrastructure is required in order to prevent these type of attacks from being reoccurring.