A newly launched fintech arm of the Malta Stock Exchange, MSX, is working on new deals that are aimed at creating a platform for tokenized securities.
According to a recent press release, MSX partnered with Neufund, a marketplace for securities tokenization and issuance, to build a “regulated and decentralized, global stock exchange for enlisting and trading tokenized securities crypto-assets.”
Precisely what will make the new trade decentralized was not clarified, in any case.
Investors for this new project are planning something later on this year, which will include a public offering of tokenized equity on Neufund’s primary market that will later be available for trading on Binance (by way of a separate agreement with Neufund) – pending a green light from regulators in Malta, that is.
According to Neufund, this new platform will be “the first end-to-end primary issuance platform for security tokens.”
“We are delighted to welcome Neufund as our key partner in building a blockchain-based exchange that is fully integrated with established financial markets,” stated Joseph Portelli, chairman of the Malta Stock Exchange.
In related news, crypto trade OKEx has likewise collaborated with MSX to launch another trade – called OKMSX – for the trading of “institutional grade” security tokens.
The platform is required to launch by Q1 sometime next year, as reported by a press release statement.
Malta has as of late been moving to draw crypto and blockchain firms, in June passing three bills relating to cryptocurrency, blockchain and distributed ledger technology (DLT). The news stamped Malta as one of the primary locales on the globe to pass particular legislation around the tech.