MSE and Binance sign MoU
11/Sep/2018

Malta Stock Exchange Signs MOU with Binance to Launch Security Tokens Trading Platform

September 11, 2018

Malta – MSX PLC, the fintech and digital asset subsidiary of the Malta Stock Exchange, has signed a Memorandum of Understanding (MOU) with Binance, the world’s largest cryptocurrency exchange by trading volume, to launch a new digital exchange for security token trading. The MOU follows a decision by Binance to extend its business to Malta, in recognition of the country’s robust and transparent crypto regulatory climate.

The new trading platform will leverage Malta Stock Exchange’s 26-year track record of operating as a regulated stock exchange with extensive experience in regulatory compliance and client due diligence, while building on Binance’s dynamic business model that observes substantial international reach.

“We are excited to continue to help build the blockchain ecosystem in Malta, which has become a global hub for blockchain technology through active and transparent crypto regulations,” said Changpeng Zhao, CEO of Binance. “This partnership will allow Binance and MSX to host traditional financial assets on blockchain technology through security tokens. We look forward to bringing more innovations to Malta and further establishing our presence here.”

Joe Portelli, Chairman of the Malta Stock Exchange, stated, “Malta is taking the helm of regulating blockchain technology and cultivating a centre of excellence within the global digital innovation landscape. The Malta Stock Exchange is thrilled to be teaming up with Binance, a market leader in the digital asset sector, and we look forward to seeing this exciting new market opportunity develop and push the boundaries of the Maltese financial sector.”

About MSX

For over 26 years, the Malta Stock Exchange has successfully fulfilled its role as an effective venue to raise capital for Maltese enterprises. It has facilitated the trading of financial instruments on the secondary market, as well as admitted billions worth of new instruments through the primary market. The Exchange also offers Depository services and enjoys international connectivity through its Clearstream link and the XETRA trading platform.

About Binance

Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info, Academy, and Blockchain Charity Foundation. Binance Exchange is the world's largest cryptocurrency exchange by trading volume, capable of processing over 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed - attracting enthusiasts and professional traders alike.

In Photos:

Minister for Finance, Prof Edward Scicluna

Chairman Malta Stock Exchange, Mr Joseph Portelli

Chief Financial Officer, Mr Wei Zhou

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Securities admitted to the Prospects MTF are issued by small and medium sized enterprises (SMEs). Investment in smaller companies can involve greater risk than is generally associated with investment in larger more established companies and can result in significant capital losses. Securities issued by SMEs tend to be illiquid and investors should therefore seek appropriate advice before making any investment.

Titoli ammessi fuq Prospects MTF jinħarġu minn intrapriżi żgħar u ta’ daqs medju (SMEs). L-investiment f'kumpaniji żgħar jista’ jinvolvi riskju akbar milli huwa ġeneralment assoċjat ma' investiment f'kumpaniji akbar u aktar stabbiliti u jista’ jirriżulta f'telf sinifikanti ta' kapital. It-titoli maħruġa mill-SMEs għandhom it-tendenza li mhumiex likwidi u l-investituri għandhom għalhekk ifittxu parir xieraq qabel ma jagħmlu xi investiment.

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