OKEx, Malta Stock Exchange to Launch Security Tokens Trading Platform

OKEx, Malta Stock Exchange to Launch Security Tokens Trading Platform 18863
News
Roshni Vayyapuri
Jul 19, 2018 at 8:00 PM

OKEx, the world's largest digital asset exchange by trading volume, has collaborated with MSX, the Digital and Fintech arm of Malta Stock Exchange Holdings to launch a new exchange backing Malta's “Blockchain Island” initiative. A Memorandum of Understanding (MoU) was signed in Valletta, Malta on July 19, 2018.

Tim Byun, Chief Risk Officer and Head of Government Relations of OKEx said,

"Malta is taking the helm of regulating the blockchain technology and cultivating a regulated cryptocurrency and ICO epicenter. This joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We believe OKMSX will be a milestone in the economic development of Malta."

The exchange will function under the name OKMSX and will hold OKEx’s digital asset operations and security expertise, along with the Malta Stock Exchange.

Joseph Portelli, Chairman of the Malta Stock Exchange, said, “Malta is on the cusp of becoming a center of excellence within the global digital innovation landscape. 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.”

Honorable Silvio Schembri, Member of Parliament said,

“Today Malta opened up a way for legally binding listing and trading of tokenized 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.”

See also: How will Dash [DASH]’s addition to Evolve Market affect its price?

According to earlier reports, OKEx is accelerating its international expansion into Malta. They have adopted a clear strategy to expand by hiring more local staffs. Also by the end of the third quarter, they are preparing to achieve the target. In addition to this, OKEx is a part of the Malta blockchain community and is seeking to be a major sponsor of the DELTA Summit, Malta's official blockchain, and digital innovation event.

Image via Shutterstock

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