Saturday January 23, 2021
Bitcoin (BTC) $32,163.00   Ether (ETH) $1,251.28
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Token Offerings/Listings

MERJ Exchange goes live with world’s first tokenized IPO

The Seychelles’ stock exchange becomes the first entity in the world to hold an initial public offering of security tokens

Published by CryptoNinjas.net
09/10/2019
MERJ Exchange goes live with world’s first tokenized IPO

MERJ, the national stock exchange of the Republic of Seychelles, announced today the initial public offering (IPO) of its tokenized shares, becoming the first entity in history to do so. The offering values the 8-year old exchange at $25M.

The offering is now open to investors from across the globe through the exchange’s own portal, as well as through collaborations with US broker-dealer Jumpstart, US custodian Prime Trust and London based blockchain provider Globacap.

Issuance

MERJ is issuing 1,652,893 new shares at a price of $2.42 per share, raising $4M of expansion capital. The exchange’s tokenized security uses the ethereum public blockchain whilst also being listed on MERJ’s stock exchange and denominated in U.S. dollars, providing investors a secure and familiar way to gain exposure to the growing digital asset industry.

The move comes a month after MERJ beat global competitors to become the first fully regulated stock exchange to list tokenized securities worldwide, bridging traditional financial markets with distributed ledger technology (DLT). Today’s public offering marks a significant milestone for the emerging digital asset class.

“These novel financial instruments are here to reshape the financial industry for years to come. MERJ provides the regulatory framework necessary for investors globally to access these markets in a safe and compliant manner.”
– Edmond Tuohy, CEO of MERJ Exchange

Tokenization

Tokenization, the process of converting a unit of asset ownership into a digital token on a blockchain, presents investors with unique opportunities never before seen in financial markets. It can be applied to financial instruments such as equities and bonds, tangible assets such as real estate, fine art or rare cars, and even copyrights attached to intellectual property, authorship, or music. For ordinary investors, this provides access to opportunities that were previously hard to come by. One of the main barriers has been the lack of a regulated infrastructure on which tokenized assets could be traded. MERJ provides that infrastructure to investors globally.

MERJ is a global platform with issuers from North America, Europe, Asia, Australia, and Africa. It is pioneering a direct-access model that enables investors to access the exchange directly via web or mobile app, as well as institutional customers through a more traditional broker and member channels. By combining this model with the far-reaching effects of distributed ledger technology, MERJ hopes to have a significant democratizing effect on global capital markets.

The Seychelles exchange developed as a result of the IMF and World Bank working with the islands’ government to build a financial services sector while coordinating with agencies like the OECD and FATF to ensure compliance with the highest international standards. An affiliate member of the World Federation of Exchanges, MERJ is licensed by the Seychelles Financial Services Authority, which is an associate member of IOSCO. The Seychelles is a member of the Commonwealth and the only country in Africa classified as high-income by the World Bank.

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

CurioInvest to bring tokenized supercar collectables to MERJ exchange

CurioInvest to bring tokenized supercar collectibles to MERJ

01/31/2020
Security token exchange MERJ partners with UK token issuer Globacap

Security token exchange MERJ partners with UK token issuer Globacap

08/29/2019
Merjclear

Tokenized shares exchange MERJ lists its own security token

08/07/2019
Merj Exchange

MERJ to become first public securities exchange to tokenize its shares

06/25/2019

MERJ gets backing for security token exchange in Seychelles

05/08/2019
Load More

Discussion about this post

Recent Updates

Blockchain supply chain solution SUKU releases social impact DeFi protocol

Crypto wallet Cobo adds support for Binance Smart Chain

Prediction market platform Omen to integrate crypto data oracles from API3

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version