OKX and MSX Sign an MOU to Launch a New Platform for Security Tokens
The new digital asset exchange aims to be a leader for Malta's blockchain development
Malta, July 19, 2018 – OKX, the world's largest digital asset exchange by trading volume, has teamed up with MSX, the Digital and Fintech arm of Malta Stock Exchange Holdings to launch a new exchange in support of Malta's “Blockchain Island” initiative. The partnership was formalized in the form of a Memorandum of Understanding (MoU) signed in Valletta, Malta on July 19, 2018. Both parties will endeavour to finalize a Joint Venture to be established by Q3 2018.
The new exchange will operate under the name OKMSX and will leverage OKX’s digital asset operations and security expertise, along with the Malta Stock Exchange’s 26-year track record of operating as a regulated stock exchange with extensive experience in regulatory compliance and client due diligence. OKMSX will be well positioned to develop an institutional grade security-tokens trading platform. This new platform will launch by Q1 2019 and service clients globally from Malta.
"Malta is taking the helm of regulating the blockchain technology and cultivating a regulated cryptocurrency and ICO epicentre. This joint venture 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. We believe OKMSX will be a milestone in the economic development of Malta," said Tim Byun, Chief Risk Officer and Head of Government Relations of OKX.
Joseph Portelli, Chairman of the Malta Stock Exchange, said, “Malta is on the cusp of becoming a centre of excellence within the global digital innovation landscape. We are thrilled to be teaming up with OKX, a leader in the digital currency sector, to leverage our expertise on the compliance and regulatory front to truly be a trailblazer within the security token sector.”
“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 OKX. I look forward to the fruitful collaboration in the future.” said the Honourable Silvio Schembri, Member of Parliament and the Junior Minister within the Office of the Prime Minister for Financial Services, Digital Economy and Innovation.
As previously announced on July 2, 2018, OKX is accelerating its global expansion into Malta by establishing an office and hiring local staff and expects to complete the move by the end of the third quarter. In addition, OKX is proud to be a part of the Malta blockchain community and is looking forward to being a key sponsor of the DELTA Summit, Malta's official blockchain and digital innovation event.
Tim Byun, OKX’s Chief Risk Officer and Head of Government Relations
Tim Byun, OKX’s Chief Risk Officer and Head of Government Relations (front left), and Joseph Portelli, Chairman of the Malta Stock Exchange (front right) sign the MoU for the new joint venture, witnessed by Edward Scicluna, Malta’s Finance Minister. (source of image: ONE news)
From left to right: Honourable Silvio Schembri (Junior Minister within the Office of Prime Minister), Tim Byun (OKX's Chief Risk Officer and Head of Government Relations), Zoe Adamovicz (Co-Founder of Neufund), Edward Scicluna (Malta’s Finance Minister), and Joseph Portelli (Chairman of Malta Stock Exchange)
OKX Malta & OKMSX are hiring! Please contact us at malta@OKX.com.
OKX is a leading digital asset exchange providing global users with a robust digital asset-only trading platform. Currently, the exchange offers over 400 token & futures trading pairs to help users optimize their strategy. The platform provides a safe, reliable, and stable environment for digital asset trading, serving millions of customers from over 100 countries.
For over 26 years, the Malta Stock Exchange has successfully fulfilled its role as an effective venue to raise capital for Maltese enterprises. It has facilitated the trading of financial instruments on the secondary market, as well as admitted billions worth of new instruments through the primary market. The Exchange also offers Depository services and enjoys international connectivity through its Clearstream link and the XETRA trading platform.