MSX PLC, Malta Stock Exchange’s fintech subsidiary, joins forces with Binance to launch a new security token digital exchange. The parties have recently signed the related Memorandum of Understanding (MOU), as the press release reads.
As stated by the chairman of the Malta Stock Exchange, Joe Portelli, the initiative represents a “new market opportunity [to] develop and push the boundaries of the Maltese financial sector.”
In turn, Binance CEO Changpeng Zhao noted:
“Malta […] has become a global hub for blockchain technology through active and transparent crypto regulations. This partnership will allow Binance and MSX to host traditional financial assets on blockchain technology through security tokens.”
Binance has been expanding its presence in Malta since last March, when one of the world’s largest cryptocurrency exchanges announced its plans for shifting its headquarters to the island State. Earlier this summer, Changpeng stated that the exchange had opened a bank account in Malta, thus paving the way for trading cryptocurrency/fiat pairs.
Binance stands at the top of the list of cryptocurrency exchanges in terms of daily trade volume ($822 000 000, as of September 11). Back in July, Changpeng revealed in an interview with Bloomberg, that Binance expects to get $1 trillion profit in 2018.
MSX is also up for launching OKMSX – yet another platform for listing and trading security tokens.