Dynex Announces Transition to Institutionalised Security Token and Entry into Global Capital Markets

• Valuation Gap: Dynex remains significantly undervalued compared to leading quantum peers, many of which are valued around $10 billion.
• Stock Exchange Pathway: Dynex is in the process of issuing securities intended to be listed on a major international stock exchange, subject to the receipt of relevant approvals.
• Security Token Pathway: In parallel, Dynex will move towards a fully transparent chain and is in the process of launching an institutionalised Security Token.
• Targeted Exposure: Dynex anticipates the Security Token to track the equity performance of Dynex’s proprietary quantum technology and IP portfolio.
• Conversions: $DNX will be eligible for conversion into the Security Token during an initial thirty (30) day exchange period starting on February 2, 2026, subject to the terms and conditions of the offering. Furthermore, the Security Token will be eligible for conversion into Dynex securities admitted to trading on an international stock exchange, subject to the receipt of all requisite approvals.
• Timeline: Upon implementation of the Security Token, holders will be required to consider their options by January 30, 2026. Subject to regulatory and operational considerations, Dynex may discontinue $DNX trading and phase out the existing chain thereafter.
• Compliance First: The Security Token will only be accessible through licensed venues, with KYC/AML verification for all prospective participants.

About Dynex

Dynex is an award winning global leader in Quantum Powered Solutions, offering an affordable, accessible and scalable technology for quantum computing underpinned by a robust commitment to ethical integrity. Dynex’s Quantum-as-a-Service (QaaS) technology leverages neuromorphic quantum computing emulations with up to 1 million algorithmic qubits, to solve real-world problems at scale. Across academia and different industries from artificial intelligence, pharmaceuticals, finance, aerospace and more, Dynex drives exponential growth in the most complex fields, meeting the increasing demand for advanced computing solutions.

The Dynex Success Story

Dynex began in 2020 as an informal collaboration between a small group of scientists, technologists, and entrepreneurs who were united by one shared conviction: the world was running into the hard limits of Moore’s Law, and traditional computing was no longer enough to solve humanity’s most pressing challenges. At that time, quantum computing was still largely theoretical, a promise of the future, not a tool for the present. The Dynex founders believed that had to change.

Instead of waiting for fragile cryogenic hardware or hoping for breakthroughs in conventional quantum labs, the team explored alternative paradigms: optical-, DNA-, analog-, and neuromorphic computing. Neuromorphic quantum computing proved the most compelling path forward. By mimicking the structure and function of the human brain, neuromorphic networks offered a way to perform quantum-like computations on existing infrastructure. Out of this insight, Dynex’s decentralised neuromorphic quantum computing was born.

Building a Bridge: From Vision to Reality

The mission of Dynex was clear from the beginning: to push the boundaries of technology and quantum physics in order to create sustainable, secure, and impactful solutions. The goal was not to build a technology for ten years in the future, but to make quantum-grade computing usable and accessible today.

Dynex’s approach was radically different. Instead of consuming massive amounts of energy for meaningless hashes, like traditional proof-of-work blockchains, Dynex introduced Proof-of-Useful-Work (PoUW). Every computation performed on the network solved real optimization problems, ranging from logistics and drug discovery to financial forecasting and advanced AI modeling. Miners were no longer wasting electricity; they were contributing to progress while securing the blockchain.

At its heart was the DynexSolve algorithm, which harnessed GPU networks to emulate quantum behaviours such as tunneling, superposition, and parallelism.

A Fair Launch and a Decentralized Future

Dynex officially launched its native token, $DNX, in September 2022. Unlike many projects in the blockchain space, Dynex was fairly launched, there was no pre-mining, no special allocation to insiders, and no initial coin offering. The network was entirely self-funded and driven by its own community. From the start, $DNX served as the backbone of the ecosystem, powering computations, incentivizing participation, and creating liquidity.

GPU contributors from around the world earned rewards in DNX, while organizations accessed cutting-edge compute power through a decentralized marketplace. This model democratized access to high-performance computing: anyone, regardless of size or budget, could submit complex problems and receive optimized solutions. Costs were transparent, based on actual resource use, and a “pay-as-you-compute” model ensured efficiency.

Public Launch and Real-World Adoption

After an extensive testing period, Dynex opened its neuromorphic computing cloud to the public in December 2023. To date, more than 1,000,000 computational jobs have been executed on the Dynex platform, demonstrating its stability, scalability, and computational power.

Dynex is proving its impact across diverse sectors through strategic partnerships and real-world deployments. In urban planning, the Alohas: World4All case demonstrates quantum-powered simulations — 6.8 billion scenarios per second — to optimize wind flows and natural cooling in smart, regenerative cities. In energy trading, Dynex has developed a quantum + ML weather forecasting system achieving up to 98% accuracy over 14 days, enabling refined decision-making in WTI markets. In healthcare, Dynex collaborates with InCor (University of São Paulo’s Heart Institute) to apply neuromorphic quantum capabilities to large-language models and clinical workflows, enhancing precision medicine. The platform also supports educational initiatives — e.g. a 12-week applied quantum program with Sona College of Technology — and industry integrations with partners such as SilverStone & Partners and Finserv Experts, advancing quantum adoption in aerospace, manufacturing, and financial services.

Expanding the Vision: Hardware, AI, and QaaS

The Dynex roadmap reflects a trajectory of constant evolution. In May 2024, Dynex launched subscription plans enabling access to up to one million emulated algorithmic qubits, making its proprietary Quantum-as-a-Service (QaaS) technology broadly accessible to enterprises of all sizes and allowing customers to compute real-world problems at industrial scale.

Dynex also pushed beyond software and emulation toward proprietary hardware. The Dynex Apollo Chip, a physical quantum chip, was announced as the next leap in the network’s capabilities. Together with the qdLLM (Quantum Diffusion Large Language Model), Dynex is building a full-stack solution that combined the best of classical computing, quantum simulation, and native quantum hardware.

With these innovations, Dynex moved closer to its mission of bridging the gap between today’s computational needs and tomorrow’s possibilities — marking a pivotal step in bringing quantum computing from niche research into mainstream enterprise adoption.

Ethical Technology for a Global Community

From its inception, Dynex is emphasising that raw power is not enough, ethics has to guide technology. The Dynex Moonshots Ethical Committee, composed of globally recognized experts, reviewing computational jobs to ensure alignment with strict ethical standards. Motivations and outcomes were immutably recorded on the blockchain, balancing transparency with confidentiality. This commitment to integrity set Dynex apart in both the Web3 and scientific communities.

Recognition and Momentum

As word spread, independent assessments validated Dynex’s impact. Benchmarking confirmed that Dynex’s neuromorphic quantum cloud achieved Q-Scores above 15,000, surpassing existing quantum computers by orders of magnitude. Independent testing also demonstrated record-breaking Quantum Volume (2¹¹⁹), successful scaling of gate-based circuits up to 2¹⁰⁴, and industry-leading performance on complex problems such as n-Queens, MaxCut, and Traveling Salesman. On the AI front, Dynex’s Quantum Diffusion LLM (qdLLM) and QSVM implementations outperformed classical baselines across benchmarks such as TruthfulQA, MATH, and standard classification tasks — further showcasing the platform’s scalability and accuracy.

Media outlets highlighted its disruptive potential, and industry leaders began integrating Dynex into their workflows. By mid-2024, Dynex was no longer just a visionary project; it had become a working, growing ecosystem at the heart of decentralized high-performance computing. Strategic partnerships expanded across industries, subscription services brought in a new wave of users, and the roadmap pointed toward deeper integration of QaaS, AI, and proprietary hardware.

Looking Back, Moving Forward

What began as an informal collaboration in 2020 grew into a decentralized quantum platform that redefined what was possible. Dynex proved that quantum computing did not have to remain a futuristic concept, it could already solve real problems at scale, drive innovation, and empower industries across the globe.

From the first GPU networks emulating tunneling effects, to the public launch of the neuromorphic cloud, to the development of proprietary chips and QaaS subscriptions, Dynex continously broke through barriers. Its fair launch and Proof-of-Useful-Work ensured that growth was both sustainable and ethical.

Dynex’s story demonstrates that by rethinking computing from the ground up, it is possible to surpass the limits of Moore’s Law, bridge the gap between promise and reality, and deliver measurable value to the world.

The future of computation was no longer just approaching, it had already begun with Dynex.

Forthcoming Disclosures and Strategic Progress

Valuation Context in Quantum Computing

There remains a stark disparity between the current market valuation of the $DNX utility token and Dynex’s implied enterprise value. When benchmarked against leading quantum players, including D-Wave, IonQ, and Quantinuum, each discussed at or around the $10B mark, Dynex appears materially undervalued, even before accounting for our product pipeline, industrial deployment, and growth trajectory.

Stock Exchange Pathway

Dynex is in the process of preparing for the issuance of securities intended to be listed on a major international stock exchange. This step reflects Dynex’s broader ambition to align fully with institutional capital-market standards and to provide investors with transparent, regulated access to its growth story. The listing process is being pursued in accordance with applicable regulatory frameworks and remains subject to the receipt of all requisite corporate and regulatory approvals. While specific details cannot yet be disclosed due to confidentiality and compliance obligations, this initiative underscores Dynex’s commitment to achieving true institutional grade and to positioning itself alongside other leading technology companies in the global financial markets.

Security Token Pathway

Transition to an Institutionalised, Fully Transparent Framework

While $DNX successfully bootstrapped adoption, it is not an institution-grade financial instrument. Dynex will transition to a fully transparent chain and launch a Security Token to align with international capital-markets standards.

What a Security Token Entails

Security Tokens are securities. Issuance, trading, and custody occur on licensed venues (e.g., FINRA-regulated ATSs), and only fully KYC/AML-verified investors may hold them. Growing institutional participation by major asset managers reinforces our conviction that tokenized securities are the future of crypto-finance.

The Dynex Security Token: Targeted Equity-Like Exposure

The Dynex Security Token is designed to track the equity performance of Dynex’s proprietary quantum technology and IP portfolio — offering targeted exposure to one of the most advanced and commercially scalable quantum platforms. Dyenx’s award-winning QaaS model already supports enterprises, governments, and research institutions worldwide, with patented architecture and proprietary algorithms delivering superior scalability, efficiency, and applicability across materials, pharma, mobility, finance, and energy optimization.

Timeline and Transition for Holders

• Conversions:
  (i) $DNX will be eligible for conversion into the Security Token during an initial thirty (30) day exchange period commencing on February 2, 2026, subject to the terms and conditions of the offering, with provisions for late conversions available at Dynex’s sole discretion.
  (ii) Furthermore, the Security Token will be eligible for conversion into Dynex securities admitted to trading on an international stock exchange, subject to the receipt of all requisite approvals.
• Grace period: Upon implementation of the Security Token, $DNX holders will be required to consider their options by January 30, 2026.
• Phase out: Subject to regulatory and operational considerations, Dynex may discontinue $DNX trading and phase out the existing chain thereafter.
• Compliance: The Security Token will only be accessible through licensed venues, with KYC/AML verification for all prospective participants.

Institutional Engagement Anchored by Tier-1 Collaborations

Dynex’s strategic transition is reinforced by partnerships with tier-1 industry players, whose expertise and infrastructure will accelerate adoption, strengthen institutional engagement, and expand global deployment. At the same time, our entire ecosystem — from early supporters to long-term stakeholders — continues to play a vital role in this journey. We are confident and excited about what the future holds as Dynex advances toward becoming a fully regulated, institution-grade platform at the forefront of quantum computing and financial innovation.

Note: All $DNX-related operations — including wallets, exchanges, DHIP rewards, and mining — will continue to function normally until January 30, 2026. Holders can rest assured that there will be ample time to make an informed decision regarding the transition. Dynex will provide clear, step-by-step guidance well in advance to ensure a smooth and transparent process for all participants. Also note that $DNX and wrapped holders ($0xDNX) can both directly convert.

Disclaimer: This communication is provided for informational purposes only and does not constitute, and shall not be construed as, an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in any jurisdiction. Any securities offering, if undertaken, will be made exclusively by means of formal offering documents prepared in accordance with applicable laws and regulations. Certain statements contained herein may constitute forward-looking statements. Such statements are subject to risks, uncertainties, and regulatory review, and actual results may differ materially from those expressed or implied. Recipients are cautioned not to place undue reliance on these statements and should rely solely on information set forth in the official offering materials, when made available. Dynex reserves the right, subject to market conditions and the receipt of requisite approvals, to amend, postpone, or modify in whole or in part any dates, terms, or elements of the contemplated investment structure.