The Blockchain Island Malta is taking giant leaps to advance grow the Cryptocurrency/Blockchain ecosystem, in the latest announcement The Malta Stock Exchange(MSE) announced that they are partnering with the Security token protocol company Neufund and the Malta-based exchange Binance to create the “World’s First Decentralized Exchange”.

Neufund which is a German-based security token issuing platform has moved to Malta and will be creating a global stock exchange to issue security tokens. They are partnering with the Malta Stock Exchange and arguably the largest exchange Binance to issue security or equity tokens in their Equity Token Offering Platform which will be decentralized allowing secondary trading of these tokens and also companies will be able to fundraise in a legally compliant manner.

They claim that this market will reach $1 Trillion mark by 2020 and has already seven companies who have decided to use the platform for their Equity Token Offering (ETO). These companies include Founders Bank, Brille24, Uniti, MySwooop, Next Big Thing, Blockstate, and Emflux Motors.

Zoe Adamovicz said:

“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.”

Recently, the Maltese government had passed three bills in favor of Cryptocurrency and Blockchain into law providing a clear regulatory framework for Blockchain technology.

In other news, another large exchange OKEx will also be working with the Malta Stock Exchange creating a joint project called OKMSX to provide a secondary market for security tokens. The MOU for the same has also been signed. OKEx has moved to Malta for their Crypto friendly regulations.

CZ, CEO of Binance Tweeted:

Security tokens, with support from @ MaltaStockExch and @ binance. There is usually more than one way to get something done.

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