Copy link
Increase text size
Decrease text size
Link copied

First regulated tokenization announced by Seychelles securities exchange firm

Seychelles.Didier Baertschiger/Flickr

Thu, 27 Jun 2019, 00:26 am UTC

The practice of tokenization of digital assets has been around for some time and Seychelles’ MERJ Exchange Ltd. may be the first company to bring it to the mainstream, regulated market. The firm just revealed that it plans to list actual security tokens on the market, which will then be subject to regulations. The focus will largely be in the regions around the Indian Ocean, but it could hit wider shores later on.

As of now, there are no specific dates as to when these listings would go live, Bloomberg reports. The only details that are found on its website are that it will be launching the initiative “soon.” This could then be a matter of weeks or a matter of years.

“MERJ is soon to launch its Digital Assets and Security Token markets along with the opportunity to invest in MERJ EXCHANGE,” the website description reads.

The actual process will be handled by MERJ Exchange Ltd. On Tuesday, its CEO Edmond Tuohy noted how decentralization and tokenized assets are the future.

“We truly believe this technology will be one of the key steps toward democratizing access to global access to the capital markets,” he said.

This makes sense since blockchain, the technology in which tokenized assets are based on, offers significantly more access to information and transparency for all parties involved. This removes many of the red tapes that usually come with security exchanges, which are actually there for good reason. Using blockchain, tokenized asset transfers become safer and faster to do compared to more traditional methods.

As of now, tokenization is still a nascent field and regulators have essentially been unable to keep up with the rapid changes to come up with definitive legislation. MERJ Exchange Ltd. has been in the securities exchange business since 2013, The Block reports. Its success in listing tokenized assets would be a game changer.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,488.49 (+1.75%)
  • Ethereum (ETH) $164.24 (+2.11%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $332.60 (+7.26%)
  • Bitcoin SV (BSV) $267.02 (+2.85%)
  • Bitcoin (BTC) $8,488.49 (+1.75%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft