Jamaica Stock Exchange has announced an expansion of the trading services with cryptocurrencies.
According to the news reports, the platform and blockchain company Blockstation have signed an MOU under which they will establish a new exchange for digital assets trading. The new project will be launched till end-2018. However, the list of coins is yet to be unveiled by the company.
The Exchange believes that the digital coins as an investment product can be a good expansion of the services on the platform. For now, JSE deals with shares, bonds and other tools.
Under the agreement, Blockstation will be a supplier of technologies for the projects while the exchange own infrastructure will be networked to the project, so investors will be able to deal with cryptos.
"So the end game at the end of the day is to trade tokens, the end game is smart contacts, the end game is to provide that area of the market that would like this product, to start to do so in a secure manner," said the company CEO.
Besides, JSE is said to keep exploring advantages that blockchain can bring. Moreover, it even considers the possible launch of own coin in the long run.
It is worth mentioning that Jamaica exchange plans to work on the project thoroughly, with special focus to be made on investors' protection.