Malta paves the way for a decentralized stock exchange – TechCrunch

Malta AKA “Blockchain Island” has been making waves lately in the world of cryptocurrency and governance. Their latest move involves the crypto exchange Binance and the ICO builders at Neufund.

The plan is simple: Neufund will help MSX, the Malta Stock Exchange’s skunkworks, create tokenized securities. Binance has agreed to carry these securities on its own exchange, essentially creating a straight path to regulated tokens via the already regulated Malta Stock Exchange. In short, this enables Malta to become the first country to be able to offer tokens alongside traditional equities as well as an easy way to go public in multiple ways including via ICO.

The plan is still in the pilot stage. This year they will begin “the public offering of tokenized equity on Neufund’s primary market which may later be tradable on Binance and other crypto exchanges pending regulatory and listing approvals” said Neufund CEO Zoe Adamovicz.

“We are thrilled to announce the partnerships with Malta Stock Exchange and Binance, that will ensure high liquidity to equity tokens issued on Neufund. It is the first time in history, that security tokens can be offered and traded in a legally binding way. The upcoming pilot project will allow us to test the market’s reaction and realize the overall project idea in an environment with minimized risk.” said Adamovicz.

“We are delighted to welcome Neufund as our key partner in building a Blockchain-based exchange that is fully integrated with established financial markets. With the upcoming pilot project we become a worldwide pioneer in digital finance,” said Joseph Portelli, chairman of the Malta Stock Exchange.

Cool read from TC Source Link

Comments

Post a Comment

Popular posts from this blog

Google’s new Tour Creator lets students make their own VR tours – TechCrunch

Image
Google today launched a new tool for teachers and their students called Tour Creator, which allows anyone to create their own VR tour using imagery from Google’s Street View or their own 360-degree photos. The new app is designed to work with Google Cardboard and Google’s existing VR “field trips” app Expeditions . The goal with Expeditions is to let people virtually travel the world to see far off places they may never have the chance to visit in person – like Antarctica or Machu Picchu, for example. Google says that since Expeditions’ arrival in 2015, over three million students have virtually visited places around the globe. Now, the idea is to let students and teachers themselves build their own VR experiences and stories without needing technical knowledge. Instead, using Tour Creator, anyone can build an immersive 360-degree tour from their computer. To use the service, you click to get started, give the tour a name and upload a cover photo. You can then search through Go
Read more

Oval Money app launches its investment products for millennials – TechCrunch

Image
Back in April Oval Money launched with the idea of combining expense tracking, saving, and investing into one app, while also adding a social element by enabling its community of users to share tips and suggestions to one another. The idea is to to help users grow their savings in less time by teaching them to monitor spending habits and make saving virtually automatic. The company has raised €1.2M in funding, largely from Italian investors. The startup is to now launch a raft of investment products for socially-conscious savers. Beginning with three funds – supporting gender diversity in boardrooms, flexible working and the brands that millennials trust – the investments marketplace will be available to customers in the smartphone app this summer. The “Women at the Table” fund will allow investors to support companies that ensure that at least 20% of board members are women, while a “Belong but Work Remote” fund promotes the growing flexible jobs economy. “Generation Millennials
Read more

Duo Security researchers’ Twitter ‘bot or not’ study unearths crypto botnet – TechCrunch

Image
A team of researchers at Duo Security has unearthed a sophisticated botnet operating on Twitter — and being used to spread a cryptocurrency scam. The botnet was discovered during the course of a wider research project to create and publish a methodology for identifying Twitter account automation — to help support further research into bots and how they operate. The team used Twitter’s API and some standard data enrichment techniques to create a large data set of 88 million public Twitter accounts, comprising more than half a billion tweets. (Although they say they focused on the last 200 tweets per account for the study.) They then used classic machine learning methods to train a bot classifier, and later applied other tried and tested data science techniques to map and analyze the structure of botnets they’d uncovered. They’re open sourcing their documentation and data collection system in the hopes that other researchers will pick up the baton and run with it — such as, say, to
Read more