Cryptocurrency exchange OKEx will launch a new exchange called OKMSX for security tokens, states the official press release that was shared with iHodl.
The launch of the new exchange is scheduled for Q1 2020.
According to the press release, OKEx has teamed up with MSX, the digital and fintech arm of Malta Stock Exchange Holdings, to launch OKMSX. OKMSX is reportedly an institutional-grade exchange for security tokens in support of Malta's “Blockchain Island” initiative, leveraging OKEx’s digital asset operations and technology expertise, along with the Malta Stock Exchange’s extensive experience in regulatory compliance and client due diligence.
"Malta is an important hub for us to connect to the European markets. This year marks a significant milestone for us. Over the year, in Malta, we have been working closely with legal and compliance experts, and local authorities to prompt the development of OKMSX," said Andy Cheung, Head of Operations of OKEx.
Earlier OKEx donated $4.5 million worth of bitcoin (EXANTE: Bitcoin) to its perpetual swap market insurance fund.
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