Seychelles’ national stock exchange set to list 'world-first' regulated security token

Exchanges • June 26, 2019, 4:36AM EDT
UPDATED: June 26, 2019, 10:05AM EDT
The Block

Seychelles' national securities exchange, MERJ Exchange, is planning to list a regulated security token, Bloomberg writes. It would currently be the world's first exchange to list fully-licensed tokenised stocks, as per the report.

While it hasn’t shared any specific timeline, MERJ Exchange has committed to launching its Digital Assets and Security Token markets “soon," according to its website. 

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The exchange, which began trading equities, debt, and derivatives, in 2013, was formerly known as Trop-X Seychelles Ltd. It currently lists 31 securities and reports $325.9 million market capitalisation and is the only licensed securities exchange in Seychelles.

“We truly believe this technology will be one of the key steps toward democratizing access to global access to the capital markets,” said MERJ Exchange CEO Edmond Tuohy.

MERJ Exchange said the tokens will be traded alongside existing 'traditional' stock.

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Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.

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