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MERJ forms new partnerships to bring tokenized securities to US Investors

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Shampa Mani reporter

Thu, 05 Sep 2019, 04:50 am UTC

MERJ Exchange, the national stock exchange of the Republic of Seychelles, has entered into new partnerships aimed at allowing U.S. accredited investors to participate in the upcoming equity offering.

Last month, MERJ announced the first-ever listing of a tokenized security on a fully compliant and regulated national stock exchange. The tokenized security trades under the ticker symbol “MERJ-S.”

Soon after, MERJ announced that it was planning an initial public offering (IPO) of the equity-security tokens and teamed up with the Financial Conduct Authority (FCA)-regulated Globacap to distribute the securities in the UK and Europe.

According to a press release dated September 04, MERJ is teaming up with U.S. broker-dealer Jumpstart and custodian Prime Trust to offer American accredited regulated exposure to tokenized securities.

“MERJ's tokenized security will be publicly listed on a fully regulated national stock exchange and denominated in U.S. dollars, offering investors a secure and familiar way to gain exposure to the digital asset industry,” the release said. “Investors from all over the world will soon be able to invest in MERJ's public offering and future digital listings.”

Jonathan Self, CEO of Jumpstart Securities, said that there is a growing demand for tokenized securities from retail as well as institutional investors.

Tokenization is the process of converting rights into a digital token on a blockchain. It can be applied to financial instruments such as equities and bonds, tangible assets such as real estate, fine art or rare cars, and even copyrights attached to intellectual property, authorship, or music.

"MERJ brings the best practices of a regulated market place to this space which could mark the beginning of real mainstream participation. We are delighted to be able to bring this groundbreaking investment opportunity to the US market,” Self said.

Edmond Tuohy, CEO of MERJ Exchange, noted the growing demand for exciting investment opportunities from around the globe.

“An entire ecosystem is growing at a rapid pace to service the demand for digital assets. The missing puzzle piece has been a secondary market place that has the right regulatory structure in place, and MERJ is here to fill the void,” he added.

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