OKEx, a popular cryptocurrency exchange, has recently announced it’s set to launch a new trading platform for security tokens, OKMSX, in the first quarter of next year.
According to a press release shared with CryptoGlobe, the exchange is celebrating the first anniversary of its establishing its headquarters in Malta, a cryptocurrency-friendly jurisdiction that’s come to be known as the “blockchain island.”
The document notes that after launching its headquarters in Malta, OKEx teamed up with the digital and fintech arms of Malta Stock Exchange Holdings, MSX, to launch OKMSX. The trading platform is set to be an “institutional grade exchange for security tokens” that’ll leverage the exchange’s “digital asset operations and technology expertise.”
It’ll also reportedly take advantage of the Malta Stock Exchange’s experience in regulatory compliance. OKMSX has been in the works for one year and is now nearing its final development stage, with the launch expected by Q1 of 2020.
Andy Cheung, head of operations at OKEx, stated:
This joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We are excited as it is finally happening in 2020.
The exchange is also celebrating its first anniversary in Malta by joining hands with DELTA Summit to organize the first-ever Tech Week in the country, an event that’ll take place between September 30 and October 4.
Per the press release, Malta’s Prime Minister, Joseph Muscat, will be among those who’ll be speaking at the event. As CryptoGlobe covered, he has in the past claimed blockchain technology makes cryptocurrencies the “inevitable future of money.” OKEx itself has in the past defended that while bitcoin isn’t cash, it is functionally superior to gold.