Crypto trading platform OKEx reportedly unveiled new trading projects supported by the Digital and Fintech division of Malta Stock Exchange Holdings. The parties have signed MOU on Thursday.
The new business unit will be called OKMSX. The project will combine OKEx background for crypto operations and security as well as a solid experience of the Malta Stock Exchange as a regulated trading platform, as the company statement reads. The new exchange will be aimed at security tokens trading. The launch date is slated for Q1 2019.
As commented Silvio Schembri, Member of Parliament and the Junior Minister within the Office of the Prime Minister for Financial Services, Digital Economy and Innovation:
"Today Malta opened up a way for legally binding listing and trading of tokenized securities. We are proud of Malta Stock Exchange to enter a partnership with a worldwide leader in primary offerings on blockchain such as OKEx. I look forward to the fruitful collaboration in the future."
Malta definitely takes the lead in the blockchain regulation and creation of the global hub for cryptos and ICO businesses, as commented Tim Byun Chief Risk Officer and Head of Government Relations of OKEx, adding that the new JV "marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide."
As it was reported earlier, OKEx announced a business expansion to Malta in early July. The relocation is to be completed by end-Q3.