Stock Exchange subsidiary signs MoU with Binance
Plans to launch new digital exhcnage for security token trading
The subsidiary company of the Malta Stock Exchange, MSX Plc, signed a memorandum of understanding on Tuesday 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 and international reach.
The chairman of the Malta Stock Exchange, Joseph Portelli, and the CFO of Binance, Wei Zhou, were the signatories of this MoU.
Prior to the signing ceremony, Minister for Finance Edward Scicluna said the signing was an example of the Malta Stock Exchange’s intention to continue to play an active role in helping the Maltese economy to experience further growth, while expanding its operations by partnering with global companies.