The Jamaica Stock Exchange (JSE) in partnership with its Canadian technology partner Blockstation is planning to list security tokens as tradeable assets for clients. The JSE is an affiliate member of the World Federation of Exchanges (WFE) and offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, and settlement of transactions.
The firm announced the completion of their first 60 days of an ongoing live digital currency trading pilot with selected regulated market participants including broker-dealers, market makers and the Jamaica Central Securities Depository (JCSD). The main objective of the pilot program was to demonstrate the complete lifecycle of a digital asset ecosystem.
Marlene Street Forrest, Managing Director of the JSE said that the pilot has been very smooth so far and they are quite happy with the results. “We are looking forward to moving to the next stage of the pilot which would eventually include the listing of security tokens.” added Forrest.
JSE selected Blockstation as its trading platform partner back in 2018 after a going through a comprehensive, global search for finding the most suitable online trading system in order to meet the rising demand for digital asset investing and the growth of security tokens. Blockstation offers compliant listing, trading, clearing, settlement and custody of digital assets and security tokens, used by the exchange’s ecosystem of broker-dealers, investors, depository and regulators.
Jai Waterman, Blockstation’s Co-Founder and Chief Enterprise Architect said that they are quite excited to have successfully implemented the first real end-to-end digital asset trading ecosystem in partnership with the JSE within their regulated environment. “We are looking forward to onboarding, through the pilot exercise, the next wave of brokers and international investors who can enjoy the benefits of safe digital currency access through trusted financial institutions.” added Waterman.