The Barbados Stock Exchange (BSE) has recently announced the signing of a Memorandum of Understanding (MoU) with Blockstation in order to provide security token trading capabilities on their exchange.
The Barbados Stock Exchange (BSE), formerly the Securities Exchange of Barbados, was re-incorporated on August 2nd, 2001 with the passage of the Securities Act 2001-13. BSE has now joined the list of Thailand Stock Exchange and Jamaican Stock Exchange who have previously announced the support for digital assets and listings of security tokens on their platform.
Role of Blockstation
Blockstation provides international stock exchanges and their broker-dealer networks with a turn-key, end-to-end solution for trading, clearing and settlement of Bitcoin and other digital assets within their regulatory framework.
After this partnership with Blockstation, BSE aims to provide an end-to-end, trading platform and marketplace solution to enable the safe custody, listing, trading, clearing & settlement of digital assets for their market participants. The platform will also enable regulators with surveillance tools for regulatory oversight. Blockstation has previously completed a 60-day digital currency trading pilot with the Jamaican Stock Exchange.
Managing Director of the BSE. “Blockstation’s built-in compliance tools were absolutely pivotal in securing the support of our regulator. We believe that a partnership with Blockstation, and their technology solution, will strategically position us to grow our digital asset business going forward.” The MoU paves the way for Blockstation’s Onboarding Team to conduct training and onboarding of users, followed by the launch of a live pilot.
Marko M. Hafez, Co-Founder and President of Blockstation stated “Blockstation is thrilled to be working with the BSE to help diversify and grow their business by enabling the listing, trading and settlement of security tokens. Not only will we power BSE’s listings and trading volumes, our turn-key solution will facilitate access to new revenue streams for the exchange.”