There's a new global stock exchange centered on digital assets being built in Malta

FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) under a screen displaying share prices of Ford, Eli Lilly, Pfizer and UPS in New York, U.S., May 15, 2017. REUTERS/Brendan McDermid

  • A global trade market for decentralized assets is being created in Malta.
  • Binance, the world’s largest cryptocurrency trading platform, blockchain investment platform Neufund, and a subsidary of the Malta Stock Exchange, MSX, plan to launch the exchange in late 2018.
  • The project aims to be the primary regulated global trading platform for digital assets including cryptocurrencies and equity tokens worldwide. 

A global trade market for decentralized assets like cryptocurrencies and equity tokens is taking root in Malta, the tiny European country that has positioned itself as a pioneer in the blockchain industry.

Three financial institutions have partnered to create the exchange, which aims to become the leading issuance platform for security tokens, the digital crypto-assets used primarily for investment purposes.

Binance, the world’s largest cryptocurrency trading platform, blockchain investment platform Neufund, and a subsidary of the Malta Stock Exchange, MSX, plan to launch the exchange in late 2018. 

The project’s end goal is to tokenize traditional financial assets and to provide a primary global platform for issuing and trading securities over the blockchain, Binance CEO Chanpeng Zhao said in a statement. 

Finance platform CapLinked estimates the market cap for equity tokens could skyrocket as high as $1 trillion by 2020.

If so, then Malta’s forthcoming decentralized global stock exchange could position itself as a financial heavyweight in the newfound crypto trading industry.

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Read the full article from it’s original source: http://uk.businessinsider.com/neufund-binance-global-decentralized-currency-exchange-malta-2018-7

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