Decentralised exchanges are becoming more and more important in the cryptocurrency industry. A number of high profile hacks have occurred throughout 2018 leading a number of investors to move to more secure decentralised exchanges. Much more research is now going into how security can be improved across all cryptocurrency exchanges and potentially now all stock exchanges… Introducing the worlds first decentralised stock exchange.
CCN revealed earlier in the week that Malta that Malta Stock Exchange will partner with Binance and Neufund to create the worlds first decentralised stock exchange. Neufund is a German-based blockchain protocol for securities tokenization and issuance and Binance is one of the largest cryptocurrency exchanges in the world.
Malta appears to be at the forefront of blockchain innovation, Binance have recently moved their operations to Malta and there are a number of other ongoing projects which will almost certainly see Malta lead the blockchain revolution. Silvio Schmebri, Parliamentary Secretary for Digital Innovation in Malta, spoke exclusively with CCN earlier in the week stating;
“These are ongoing announcements that continue to reinforce our ecosystem to make Malta the blockchain island. These two new memoranda of understanding will provide the groundwork for the Malta Stock Exchange to operate with the private sector in both the primary market with operators such as Neufund and in the secondary market with operators such as OKEx. Eventually these platforms will continue to expand further to allow other operators to plug in and be part our our blockchain island”
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The worlds first decentralised exchange
The project which will see two big names join forces with the Malta Stock Exchange (MSX) in an attempt to provide the first end-to-end primary issuance platform for security and equity tokens. This will then enable the trading of these newly created digital assets.
Tokenised security and equity tokens will then open up an entirely new from of digital fundraising, utilising blockchain technology.
Neufund have since revealed that there are already seven companies will conduct an Equity Token Offering (ETO) through Neufund;
- Founders Bank
- Brille24
- Uniti
- MySwooop
- Next Big Thing
- Blockstate
- Emflux Motors.
These new tokens may then be traceable on exchanges such as Binance pending regulatory approval of course.
“We are thrilled to announce the partnerships with the Malta Stock Exchange and Binance, that will ensure high liquidity to equity tokens issued on Neufund. It is the first time in history, that security tokens can be offered and traded in a legally binding way. The upcoming pilot project will allow us to test the market’s reaction and realize the overall project idea in an environment with minimized risk.” Zoe Adamovicz, CEO and Co-founder at Neufund commented.
It is believed that Binance will focus on the exchange side of things and creating a secure way to trade tokenised assets, whilst Neufund will focus on the actual tokenisation of assets. This is another major step for Malta in their quest to integrating blockchain technology into their everyday lives
Let us know your thoughts on Twitter using #DecentralisedStockExchange
Malta Stock Exchange, Binance and Neufund are Looking to Create the World's First Decentralised Stock Exchange. Tokenisation is the Future!!#DecentralisedStockExchange
— bitGuru (@bitGuru_) July 20, 2018
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The post Introducing The Worlds First Decentralised Stock Exchange Featuring Binance appeared first on Daily Bitcoin, Blockchain & Cryptocurrency News.
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