Christopher ZeniosThis was confirmed by Joseph Portelli, Malta Stock Exchange Chairman, in a recent interview at the south EU Summit. Portelli commented that the nation has an eye on becoming the “epicentre” for security token financing globally.
He also commented that the implementation of blockchain technology “makes the clearing and settlement process for equities, for capital products, so much faster and easier.”
He revealed Maltas ambitions stating that by 2020 Malta aims to be the location of the most security token exchanges and ultimately becoming the epicentre for the innovative fundraising mechanism. “Malta will have the highest concentration of security token exchanges in the world, even more than the United States,” stated Portelli.
How will Malta Achieve this?
The island of Malta is one of just a few jurisdictions in the world to acknowledge the capabilities of Distributor Ledger Technologies. Last year Malta took an active role and approved three bills regulating these new technologies including blockchain, thus becoming a pioneer in the industry, supporting the growth and regulation of blockchain-enabled cryptocurrencies.
Due to these steps to accommodate blockchain/crypto-based businesses Malta has earned the name “blockchain island”.
Malta Stock Exchange Chief commented “What Blockchain Island has done for us, is give us an opportunity to actually make our mark internationally” also adding
“People are now very much interested in what the Malta Stock Exchange and what our country is doing. There are a number of stakeholders here in Malta that are involved in the digital asset space and we’re working together, we’re communicating, to try to create the best eco-system we can. We’re very proud of our regulatory eco-system, our regulatory sandbox. We believe that Malta offers a lot of amazing, cost-effective capital market solutions.”
