The Malta Stock Exchange (MSE) in collaboration with digital asset exchange OKEx will create a new institutional grade security-tokens trading platform, says a MSE press release shared with Cointelegraph on July 19.
In mid-spring, major crypto exchange OKEx had moved to Malta, noting their “confidence” in the Maltese government’s approach to cryptocurrencies.
The joint project, named OKMSX, launched after the signing of a Memorandum of Understanding (MoU) between MSE and OKEx, and aims to become a platform for digital asset exchanges with security expertise and client due diligence.
MSX has also signed an agreement with Fifth Force, the operator of the Berlin-based Neufund platform that has support for “any type of security or financial product to be issued as a token on blockchain creating Equity Token Offerings,” says the press release.
Zoe Adamovicz, CEO and Co-founder at Neufund, noted in the press release that the goal of the partnership is to “build the world's first regulated decentralized global stock exchange,” beginning with a pilot project testing the “market’s reaction.”