Malta Stock Exchange (MSX) To Establish Two Security Tokens-Supporting Platforms
Shortly, news surfaced that crypto exchange, Binance and Malta Stock Exchange’s (MSX) arm company, Neufund partnered up to create a decentralized stock exchange. Just moments ago, the MSX has revealed that not one, but two platforms will be established – one being the already revealed, Binance and Neufund collaboration, and the new update being a collaboration between MSX and global bitcoin exchange, OKEx to bring a platform called OKMSX.
What roles will Neufund be playing in the development of the platforms? First, Neufund will supposedly be encouraging users to trade equity tokens, while permitting firms to raise funds in an appropriate manner.
Neufund-based platform has already developed to the point where seven firms were chosen to perform the Equity Token Offering (ETO). As per News.Bitcoin.com, the seven firms include Founders Bank, Brille24, Uniti, Myswooop, Next Big Thing, Blockstate and Emflux Motors.
The CEO and Co-Founder of Neufund, Zoe Adamovicz has expressed immense thrill for being part of a project that involves giants like Binance and the MSX. Adamovicz admits that the efforts in place will be the first of its kind, as “security tokens can be offered and traded in a legally binding way.” Furthermore, it was shared that the project “will allow us to test the market’s reaction and realize the overall project idea in an environment with minimized risk.”
As for OKMSX’s current stance, it will be created to help influence OKEx’s overall operations – whether it be the digital currencies themselves or focusing on security.
Chief Risk Officer of OKEx, Tim Byun has expressed increased confidence in the Malta government on behalf of OKEx. He strongly believes that the efforts will mark the beginning of “an efficient, secure and transparent blockchain trading environment to clients worldwide,” adding the fact that “OKMSX will be a milestone in the economic development of Malta.”
The two platforms are projected to be completed by the third quarter of 2018, with the possible launch time being sometime in the first quarter of the following year.