‘Blockchain Island’ to host regulated trading of tokenised securities on new exchange

Malta Stock Exchange partners with digital asset trading venue OKEx to launch tokenised securities trading venue with support from government.

The Malta Stock Exchange has partnered with digital asset trading venue OKEx to launch a new regulated tokenised securities venue in 2019.

Malta has adopted the title of ‘Blockchain Island’ after passing distributed ledger technology laws in June, and is becoming widely known for embracing the new technology.

“Malta is on the cusp of becoming a centre of excellence within the global digital innovation landscape,” said Joseph Portelli, chairman of the Malta Stock Exchange. “We are thrilled to be teaming up with OKEx, a leader in the digital currency sector, to leverage our expertise on the compliance and regulatory front to truly be a trailblazer within the security token sector.”

OKEx said they are aiming to finalise the joint venture this quarter and launch the platform in Q1 2019 to service clients globally.

“Today Malta opened up a way for legally binding listing and trading of tokenised securities. We are proud of Malta Stock Exchange to enter a partnership with a worldwide leader in primary offerings on blockchain such as OKEx. I look forward to the fruitful collaboration in the future.” said the Honourable Silvio Schembri, Member of Parliament and the Junior Minister within the Office of the Prime Minister for Financial Services, Digital Economy and Innovation.

«