Malta Stock Exchange to Launch Security-Tokens Trading Platform with OKEx
A newly launched subsidiary called MSX, the Malta Stock Exchange has signed two Memoranda of Understanding (MoUs) with OKEx to create a new institutional grade security-tokens trading platform.
MSX is also in partnership with Binance which claims to be the world’s largest cryptocurrency exchange by trading volume, with the aim of creating a regulated and decentralized global stock exchange.
A press release issued July 19 confirms the move, which envisions a three-way deal between MSX, OKEx and German Blockchain platform Neufund.
The collaboration with OKEx will focus on the development of a trading platform for institutional security tokens, which will operate under the name OKMSX.
“Malta is on the cusp of becoming a center of excellence within the global digital innovation landscape,” MSX chairman Joe Portelli commented.
“We are delighted to welcome Neufund as our key partner in building a Blockchain-based exchange that is fully integrated with established financial markets. With the upcoming pilot project we become a worldwide pioneer in digital finance.”
…These partnerships leverage our expertise on the compliance and regulatory front to truly be a trailblazer within the security token sector.
Zoe Adamovicz, CEO, and Co-founder at Neufund commented on the deal stating;
“The aim of our collaboration is to build the world’s first regulated decentralized global stock exchange, which will provide much-needed liquidity to business entities around the world.”
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