Malta Stock Exchange partners with Binance to launch a Security Token platform in Malta
Binance, the world’s largest crypto currency exchange by volume traded, has announced that it has signed a Memorandum of Understanding with MSX plc, an investment vehicle launched by the Malta Stock Exchange (MSE) to seek partnerships within the crypto sphere with leading exchanges.
Wei Zhou has signed the memorandum of understanding in his role of Binance’s Chief Financial Officer, together with MSX Chariman Joe Portelli. Such memorandum of understanding will pave the way for the MSX and Binance to launch a security trading platform. This partnership will allow the MSE and Binance to host traditional financial assets on blockchain technology through security tokens. This is not the first time that Binance has worked hand-in-hand with the Maltese authorities, as in June it announced that it was backing the newly launched MSX FinTech Accelerator Programme.
The crypto sphere in Malta is developing at a rapid pace and we expect the proposed legislation to come into force in the following weeks. For further details on ICOs, virtual currencies, Blockchain technology applications, and other related matters, please contact us on info@dfadvocates.com or telephone +356 2131 3930 / +356 2134 0401