According to a press release dated September 11, Malta Stock Exchange’s digital asset subsidiary MSX Plc has inked a memorandum of understanding with Binance - the world’s largest cryptocurrency exchange by trading volume – to launch a new digital exchange for trading security tokens.
As TimesOfMalta reports, the decision follows Binance’s efforts to increase its presence on Malta given the island’s favorable stance on cryptocurrencies.
Joseph Portelli, chairman of the Malta Stock Exchange as well as Binance CFO Wei Zhou, signed the MoU.
The new trading platform will take Malta Stock Exchange's 26 years of operation with considerable experience in regulatory compliance and client due diligence and couple it with Binance’s effective leadership and international connections.
Finance minister Edward Scicluna remarked that the signing was an example of Malta Stock Exchange’s intention to maintain its progress in helping the Maltese economy continue its growth, while at the same time expanding its operations by partnering with global companies.