MERJ Exchange, the first national stock exchange to list tokenized securities has partnered with UK’s first regulated platform to issue tokenized equity ‘Globacap‘ to offer tokenized securities to EU Investors.
MERJ is a Seychelles based licensed and regulated multi-asset, multi-currency securities and digital assets exchange. The exchange has notably beaten its rivals to become the first fully-regulated exchange globally to list equity-security tokens earlier in August. Now, in another first, the national stock exchange of the Seychelles is planning an initial public offering of the tokens.
The alliance brings together two companies intent on introducing international governance standards and safety nets to the world of digital assets through fully compliant end-to-end infrastructure. In 2018, Globacap became the first company to issue an equity-security token under supervision of the UK’s Financial Conduct Authority. With 8.7 million of its own shares listed on the Seychelles exchange in tokenized form, MERJ plans to offer 16% of the company’s share capital in its IPO, set for next month.
The Seychelles based exchange developed as a result of IMF and World Bank working with the islands government to build a financial services sector, while coordinating with agencies like the OECD and FATF to ensure compliance with the highest international standards.
Edmond Tuohy, CEO of MERJ Exchange stated “We will be the first entity anywhere in the world to hold an initial public offering of security tokens. It is essential to have a partner on board with the right technology and approach to grasp the significance of this milestone. Globacap are among the leaders who are really executing in this space and that resonates well with us.”
Globacap Founder | CEO Myles Milston said “MERJ has demonstrated unquestionable leadership and its IPO will be a landmark event in bridging regulated financial markets and the world of digital assets. Both firms share a sense of mission to bring the efficiency and cost benefits of distributed ledger technology to the regulated financial markets arena.”