A Malta Stock Exchange and Binance trading platform
A Malta Stock Exchange and Binance trading platform

A Malta Stock Exchange and Binance trading platform

By Marco Cavicchioli - 12 Sep 2018

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The well-known exchange Binance has signed a Memorandum of Understanding (MoU) with MSX PLC, the branch of the Malta Stock Exchange (MSE) dedicated to the digital activities.

The agreement provides for the launch of a trading platform for security tokens, i.e. tokens that are very similar to shares.

Binance trading platform

After opening an office in Malta, Binance has long been working on the tokenization of financial assets. Malta seems to be the right place for this kind of experimentation, so the agreement with the Malta Stock Exchange does not come as a surprise.

MSE itself launched the MSX PLC investment tool in July to seek partnerships with the major players in the crypto sector with the aim of creating joint ventures.

In addition to the agreement with Binance, another memorandum of understanding has already been signed with OKEx for the launch of a security token trading platform called OKMSX.

Joe Portelli, President of the MSE, said:

“Both parties believe Malta offers a well-regulated and pragmatic framework for the listing and trading of security tokens. We anticipate security token offerings will have a major positive impact on the global capital markets”.

The new security token platform will take advantage of MSE’s track record and their extensive experience in regulatory compliance and due diligence with clients.

While Binance’s contribution will be essential to promote the initiative globally.

Binance CEO Changpeng Zhao added that his company is excited to be part of the creators of the new blockchain ecosystem in Malta, which is becoming a truly global hub for this industry, with clear and transparent rules.

Zhao said: “This partnership will allow Binance and MSX to host traditional financial assets on blockchain technology through security tokens. We look forward to bringing more innovations to Malta and further establishing our presence here“.

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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