MDX agrees to list FBC token
The Malta Digital Exchange has recently indicated that they have come to an agreement with finbc. This agreement takes form as a memorandum of understanding (MoU). The details indicate that upon launch of the upcoming MDX platform, the digital security representing finbc will be listed for trading.
This is not the first MoU signed by the MDX. With the launch of their platform coming closer, they are actively looking for appropriate assets to list. In doing so, they will not have an empty platform on day one. Instead, they will be able to offer investors a bevy of choices and opportunities from the get-go.
Other similar arrangements made in recent weeks include the following tokens.
- Digital security backed by gold
- Digital security backed by silver
Each of these respective tokens is a product of Canamex Gold Corp., which is based out of British Columbia, Canada.
Malta Digital Exchange (MDX)
The MDX is at the forefront of the digital securities industry. Empowered by a forward thinking government, they have the ability to set the standard for exchanges hosting digital securities.
Having launched only in 2018, MDX has yet to launch a functional platform. This launch is expected, by most, to occur within the upcoming calendar year.
CEO of MDX, Johan Ditz commented on the finbc MoU, stating, “MDX is very pleased that finbc has chosen our platform to offer their security token. Finbc has an innovative angle in managing operational assets and general enterprise resource planning via their corporate open peer-to-peer platform, which is in line with the current move towards automating company operations. Partnering with MDX provides finbc with a safe regulatory exchange, where transparency and pricing efficiency are at the forefront.”
Finbc is a peer-to-peer (p2p) finance platform. This platform intends to disrupt services such as international invoicing, through the implementation of blockchain.
Finbc has a planned STO in the upcoming months. Once the distribution of their token post-sale takes place, the MoU states that it will be listed on launch of MDX services.
Based out of Frankfurt, Germany, finbc was founded in 2018. Company services are structured on top of Hyperledger technology.
CEO of finbc, Stefan Grimm, commented, “This is a win-win cooperation. On the one hand, not only for private investors but also for the public who will be able to invest in FBC tokens. On the other hand, MDX follows down its path to become a leading digital securities exchange by enriching its portfolio with another innovative blockchain fintech…Tradability of assets is key to investors. This is why we are happy to jointly contribute to the future success of Security Token Offerings by bringing a credible and promising project with a sustainable business model to one of the most innovative digital exchanges.”