Neufund pins hopes on new Maltese Stock Exchange partnership
CCN reported this morning that Berlin-based blockchain and smart contract operator Neufund will partner with the Malta Stock Exchange and Binance. This will create a new decentralised stock exchange which will list not just crypto assets but a swathe of tokenised securities also.
It’s thought a pilot project will form part of the initial partnership. Malta’s parliamentary secretary for digital innovation and finance, Silvio Schmebri, said the move should bolster Malta’s blockchain reputation and make it much easier for ICOs to list tokens.
Warm welcome for new platform
“These two new memoranda of understanding,” he told CCN, “will provide the groundwork for the Malta Stock Exchange to operate with the private sector in both the primary market with operators such as Neufund and in the secondary market with operators such as OKEx.”
He added: “Eventually these platforms will continue to expand further to allow other operators to plug in and be part our our blockchain island.”
Zoe Adamovicz, CEO and Co-founder at Neufund said that the pilot project “will allow us to test the market’s reaction and realize the overall project idea in an environment with minimized risk”.
Legal framework boosted
Neufund had previously announced it was working with the Maltese government on its Distributed Ledger Tech regulation. Earlier this month the Maltese parliament approved several bills to cement the island’s regulatory framework and encourage more innovation.
The government hopes these legal moves will underpin blockchain legal security and investment for overseas companies considering investing in the island, boosting economic growth. Earlier this year the EU forecast Malta’s growth rate could hit 5.6% – more than double the EU average.