First Regulated Tokenized Security on a National Stock Marketto be Hosted by Seychelles

First Regulated Tokenized Security on a National Stock Marketto be Hosted by Seychelles

Seychelles-based securities exchange MERJ will supposedly list the primary regulated security token on a national exchange, per a report by Bloomberg on June 25.

As per the report, these security tokens are digital asset shares that may trade alongside stock for MERJ Exchange Ltd, the company behind the MERJ exchange. The report notes that no specific date has been given for a planned listing, however the MERJ web site says that it'll add markets for security tokens, digital assets, and hybrid choices in H1 2019.

According to its web site, MERJ’s vision includes an issuance and distribution platform for international securities token offerings, cap tables and ownership registers maintained on the Ethereumblockchain, security tokens, digital assets, and settlements in stablecoins and major cryptocurrencies.

According to the Bloomberg report, MERJ lists or so 31 securities and contains a market cap of $325.9 million. Moreover, MERJ is that the solely registered exchange within the Seychelles islands, as per its web site.

As antecedently reported by Top Market Group, Grayscale recently proclaimed that its Ethereum-based security, Grayscale Ethereum Trust, was on the market to trade on the New York City-based OTC Markets. Grayscale additionally problems securities for several different tokens, as well as Bitcoin, Ripple, Bitcoin money, Ethereum Classic, and Litecoin.

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