The Malta Stock Exchange (MSE) in collaboration with digital asset exchange OKEx will create a new institutional grade security-tokens trading platform, says a MSE press release shared with Cointelegraph on July 19.

In mid-spring, major crypto exchange OKEx had moved to Malta, noting their “confidence” in the Maltese government’s approach to cryptocurrencies.

The joint project, named OKMSX, launched after the signing of a Memorandum of Understanding (MoU) between MSE and OKEx, and aims to become a platform for digital asset exchanges with security expertise and client due diligence.

MSX has also signed an agreement with Fifth Force, the operator of the Berlin-based Neufund platform that has support for “any type of security or financial product to be issued as a token on blockchain creating Equity Token Offerings,” says the press release.

Zoe Adamovicz, CEO and Co-founder at Neufund, noted in the press release that the goal of the partnership is to “build the world's first regulated decentralized global stock exchange,” beginning with a pilot project testing the “market’s reaction.”

Malta, with its multitude of blockchain and crypto businesses, has become known as the “blockchain island” and the world’s leader for legislative regulations on blockchain and crypto industry.

Earlier this month, Malta’s parliaments had passed three crypto and blockchain-related bills into law, establishing a regulatory framework for blockchain technology.