Seychelles’ national securities exchange, MERJ Exchange, is all set to list the world’s first regulated security token on its national stock market. In the process it is aiming to be the world’s first exchange to list fully-licensed tokenized stocks.
Though, the planned date of listing is still not announced but it is going to happen soon as per the reports. MERJ will soon launch its Digital Assets and Security Token markets along with the opportunity to invest in MERJ Exchange. Tokenized shares will be traded in the Indian Ocean archipelago, known for its white-sand beaches than its capital markets, alongside existing stock for the company. MERJ is pioneering the next generation of global financial markets leveraging blockchain. It is creating world’s first global, direct access end to end regulated exchange built for consumers of financial markets, issuers and investors.
Edmond Tuohy, the chief executive officer of MERJ said “We truly believe this technology will be one of the key steps toward democratizing access to global access to the capital markets.”
MERJ Exchange, formerly known as Trop-X Seychelles Ltd., began trading securities in 2013. The exchange has about 31 securities listed and a market capitalization of $325.9 million, it said in an email.
- Earlier in April 2019, London Stock Exchange, one of the world’s oldest stock exchanges and second largest by volume operating in Europe (Euronext is first) approved trading in tokenized equity shares of a fintech startup “20|30“, a decentralized network that builds innovative solutions on the blockchain.
- With an aim to become an leader in Asian securities market ‘The Stock Exchange of Thailand’ (SET) is planning to apply for a digital securities license from the Finance Ministry. The aim is to open a new exchange and become an authorized digital asset exchange in 2019.