Malta Stock Exchange signs MoU with OKEX and NeuFund to launch new platforms for security tokens
The Malta Stock Exchange has launched MSX plc, a subsidiary aimed at investing in joint ventures with leading digital asset exchanges. Its first Memorandum of Understanding was also signed with OKEx, one of the world’s largest digital asset exchanges by trading volume.
Together, the Malta Stock Exchange and OKEx will create a new exchange, which will operate under the name OKMSX and will leverage OKEx’s digital asset operations and security expertise, along with the Malta Stock Exchange’s 26-year track record of operating as a regulated stock exchange with extensive experience in regulatory compliance and client due diligence. OKMSX will be well positioned to develop an institutional grade security-tokens trading platform.
Additionally, MSX signed an agreement with Fifth Force, as an operator of a platform under the name Neufund. Neufund is based in Berlin and is a leading platform which allows for any type of security or financial product to be issued as a token on blockchain creating Equity Token Offerings.
Joe Portelli, chairman of the Malta Stock Exchange, said: “Malta is on the cusp of becoming a centre of excellence within the global digital innovation landscape. We are thrilled to be teaming up with OKEx and Neufund, two leaders in the digital asset sector. These partnerships leverage our expertise on the compliance and regulatory front to truly be a trailblazer within the security token sector.”
“Malta is taking the helm of regulating the blockchain technology and cultivating a regulated cryptocurrency and ICO epicentre. This joint venture marks our confidence in the Maltese government as well as our commitment to provide an efficient, secure and transparent blockchain trading environment to clients worldwide. We believe OKMSX will be a milestone in the economic development of Malta,” said Tim Byun, chief Risk officer and head of Government Relations of OKEx.
Zoe Adamovicz, CEO and cofounder at Neufund said: “It is with great excitement that we welcome Malta Stock Exchange among our partners today. Our collaboration brings security tokens to a whole new level. 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. I look forward to our pilot project, which will help us to test the market’s reaction and realize overall project idea in an environment with minimised risk.”