First-Ever Decentralized Stock Exchange To Set Off In Malta, Europe
Malta is recognized as a country known for its firm support for the likes of cryptocurrencies and blockchain technology. The country has been highly spoken of, as it has been recently considered as an apt location for a possible crypto-bank, in which well-established cryptocurrency exchange, Binance is said to be involved.
More crypto news seems to grow out of Malta, as global exchange market specifically designed for decentralized, digital assets is currently in the works. Three financial institutions have joined forces to make this effort come to life, in an attempt to establish the world’s leading platform for distributing security and crypto tokens as investment opportunities.
Binance will be part of the efforts along with blockchain-based equity fundraising platform, Neufund, which also is supposedly Malta Stock Exchange’s (MSX) arm company. While the announcement for the plans have been unveiled, its official launch is yet to be released with a hint of sometime in “late 2018” already provided.
The CEO of Binance, Changpeng Zhao has expressed extreme delight in partnering with Neufund for this effort and has been quoted saying, “Today’s announcement marks a new chapter for Binance’s development, with the goal to tokenize traditional financial assets.”
The Chairman of MSX, Joseph Portelli also shared a common reaction sharing that introducing Neufund is essential to the project. He also added that “With the upcoming pilot project we become a worldwide pioneer in digital finance.”