MERJ – Digital Assets Exchange
Another island nation will soon play home to a global exchange, trading digital securities. This news has come from MERJ, as the Financial Services Authority of Seychelles approved their bid to launch in 2019.
This launch will see the active exchange expand their offerings, to bring support for the trading of digital securities. This means building upon an already functional securities exchange – including established regulatory divisions, clearing house, depository and more. Building on an already successful product, rather than from scratch, should provide MERJ with a higher chance of success.
Many of the regulatory approvals have already taken place, prior to 2019, with the company’s efforts now coming to fruition, as they gear up for the launch of various services.
MERJ has indicated that, not only will they be providing primary and secondary markets for digital securities, but would be taking part in the markets themselves. This will occur in 2019 as MERJ releases their own security token through an STO.
MERJ Exchange was founded in 2011, serving the Republic of Seychelles as a licensed securities exchange. The company was named MERJ, as their mission is to merge traditional finance markets with DLT and Blockchain technologies.
This global exchange acts as a self-regulatory body. By having this designation, MERJ is able to function more efficiently than most, as they are responsible for creation of industry rules.
MERJ was formally known as Trop-X until 2011, when the company rebranded. A relaunch then occured in 2012 under their new name. Company operations are currently overseen by CEO, Ed Tuohy.
Republic of Seychelles
Seychelles is an idyllic grouping of islands found in the Indian Ocean. These 115 islands play home to less than 100,000 individuals.
Due to its former post as a vital trading hub in years past, Seychelles have found themselves as one of the more developed island nations in their region of the world.
Financial Services Authority Seychelles
This government regulator was established to set out, and enforce rules upon companies which offer financial services within the Republic. This enforcement takes place with the goal of ensuring safe, and fair, business practices through licensure and supervision.
In Other News
Seychelles is not the only island nation playing home to forward thinking companies involved in the world of digital securities. Malta, a small island found in the Mediterranean Sea, has dubbed themselves as Blockchain Island, while Mauritius has begun evaluating the sector. Check out the articles below to learn more about the on-goings involving these blockchain islands.