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OKEx and MSX sign a Memorandum of Understanding to launch a new platform for security tokens

On July 19, a crypto exchange OKEx has teamed up with MSX, the Digital and Fintech arm of Malta Stock Exchange Holdings to launch a new exchange in support of Malta’s “Blockchain Island” initiative. The partnership was formalized in the form of a Memorandum of Understanding (MoU) signed in Valletta, Malta on July 19, 2018. Both parties will endeavour to finalize a Joint Venture to be established by Q3 2018.

The new exchange will operate under the name OKMSX and will leverage OKEx’s digital asset operations and security expertise, along with the 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. OKMSX will be well positioned to develop an institutional grade security-tokens trading platform. This new platform will launch by Q1 2019 and service clients globally from Malta.

On July 2, OKEx announced it is accelerating its global expansion into Malta by establishing an office and hiring local staff and expects to complete the move by the end of the third quarter.