Hong Kong-based crypto exchange OKEx announced Thursday that it has partnered with MSX, the Digital and Fintech arm of Malta Stock Exchange Holdings, to launch a Malta-based exchange for the trading of security tokens.
— OKEx (@OKEx_) July 19, 2018
According to the announcement, the new exchange will operate under the name OKMSX and will be run by OKEx’s digital asset operations team. OKMSX, which is slated for launch in Q1 2019, will feature institutional grade security-tokens trading.
Tim Byun, Chief Risk Officer and Head of Government Relations of OKEx, states that the new exchange should be a welcomed addition to Malta’s booming crypto community.
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
OKEx joins a growing number of exchanges looking to offer its institutional investors a platform for trading asset-back securities. Just recently, Coinbase announced that it is currently progressing towards regulatory approval for becoming an accredited broker-dealer, but full approval may take some time.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.