An Exchange to Be
Blockchain service provider, Templum, continues to strive for growth, as they have announced a new partnership with Miami International Holdings.
By establishing this partnership, the pairing intend to develop and launch a regulated exchange, specializing in digital securities. With a bevy of STOs to be completed in the coming months, these tokens will need secondary markets to call home. This pairing has recognized that, and looks to create solutions which will deliver much sought after asset liquidity.
As each of these companies reside, and will operate, within the United States, any offering developed will be regulated and overseen by the Securities and Exchange Commission.
In their press release, the CEO of each company took the time to comment on the development discussed here today.
Thomas Gallagher, CEO of Miami International Holdings, stated,
“We are excited to be partnering with Templum to launch an SEC-regulated digital securities exchange…Templum is a highly recognized name in the emerging digital securities sector, and we are confident that together with MIH’s exchange operation success, this partnership will result in a reliable platform that will protect investors and ensure orderly and efficient markets for digital securities.”
“MIH boasts an amazing industry pedigree and the MIAX Exchanges have a proven track record. Templum is honored to be recognized and selected by MIH to jointly build a public exchange for digital securities…With our expertise in creating the premier marketplace for digital securities and MIH’s expertise in operating exchanges, we believe that this partnership will advance digital securities and bring greater efficiencies to the market.”
Miami International Holdings
Miami International Holdings is the mother company of a trio of exchanges. These include Miami Internation Securities Exchange, MIAX Emerald, and MIAX PEARL.
Their established network of exchanges offers a plethora of investing opportunities with thousands of multi-listed classes.
Templum is a New York based company that was founded in 2017. Under the watch of CEO, Vincent Molinari, Templum has developed a suite of services tailored towards the digital securities sector.
In Other News
Templum has become a regular on our news feed. In recent months, we have seen the company speak to the SEC on behalf of the industry, while announcing strategic partnerships with companies like Symbiont and IPwe. Check out the articles below to learn a little bit more about each of these events.
SIX Acquires Stake in daura – SDX Exchange
A Strategic Advantage – SDX Exchange
Boerse Stuttgart Subsidiaries to Benefit from Investment by SBI Holdings
It is fair to say that SBI Holdings has decided to go all-in on blockchain based endeavours as of late. This has been made evident through various high profile investments. The most recent of which include Ripple, Securitize, and now Boerse Stuttgart – the latter of which we will discuss here today.
In an effort to usher in higher levels of adoption surrounding digital securities, SBI Holdings has invested in multiple branches of the Boerse Stuttgart group.
- Boerse Suttgart Digital Exchange
- Boerse Stuttgart Digital Ventures
Plans Moving Forward
In their announcement, it is clear that the rationality behind this new partnership is geared around global expansion. With SBI Holdings operating within Japan, and the various branches of the Boerse Group operation throughout Europe, the pair should find the partnership mutually beneficial.
Beyond simple expansion, the pair of companies closed out their announcement by elaborating on their plans. They stated,
“The SBI Group and the Boerse Stuttgart Group are partners in the digital asset business in Asia, including Japan, as well as in Europe. We will work together to build a global digital asset finance ecosystem utilizing blockchain.”
Upon announcing these investments, representatives from each, SBI Holdings and Boerse Stuttgart, took the time to comment. The following is what each had to say on the matter.
Yoshitaka Kitao, CEO of SBI Holdings, states,
“Due to the decentralized nature of digital assets, it is our top priority to find globally suitable partners to build our digital asset ecosystem. The SBI Group, with its trading platform for digital assets and other relevant companies, will make full use of the cooperation with the Börse Stuttgart Group to respond to the global customer interest in digital assets.”
Alexander Höptner, Chairman of the Management Board of Boerse Stuttgart GmbH, states,
“Asia and Europe are currently the fastest growing markets for digital assets. With the SBI Group, we have found an ideal partner to realize our vision of an efficient, global ecosystem along the value chain of digital assets. In addition to the exchange of knowledge and technology, the collaboration also covers the issuance, listing and trading of digital assets across borders, as well as brokerage services and building the first global bridge for custody.”
The Boerse Stuttgart Group consists of various branches such as Boerse Stuttgart Digital Exchange, and Boerse Stuttgart Digital Ventures. These two branches, in particular, have a focus on blockchain based endeavours, including the eventual creation of a secondary marketplace for digital securities.
An acting subsidiary of SBI Group, SBI Holdings, was launched in 1999. The company maintains headquarters within Tokyo, Japan, where they seek out, and establish, strategic partnerships with high potential companies.
CEO, Yoshitaka Kitao, currently oversees company operations.
In Other News
In recent months, each of the companies discussed here today have found themselves in our news feed. Whether launching a digital exchange, or making strategic investments, both companies have been quite active. The following articles are just a couple discussing recent moves by both.
DX.Exchange Goes Bankrupt – CX Technologies Ltd
Additionally, a host of suppliers have taken suit against the company. These suits run the gambit from unpaid bills to the alleged fraud. The well-known cybersecurity firm, White Hat Ltd is one of the company’s claiming losses due to DX.Exchange actions. Another lawsuit lists Bee2See Dotan B.S. Solutions. This is the firm that handled DX.Exchange targeted marketing. Even the company supplying the servers never got paid – Malam Team.
Writing on the Wall – DX.Exchange
Employees and suppliers knew to take action earlier in the month after the firm closed its doors unexpectedly. At the time, DX.Exchange owner Pinhas Patarkazishvili cited the rising costs and dwindled profits the exchange had left. He told employees that he was searching for a merger or acquisition and if that he was unsuccessful, the company would permanently cease operations.