Category Archives: Jamaica

Auto Added by WPeMatico

Jamaica Stock Exchange Ready to List Security Tokens

Jamaica Stock Exchange Ready to List Security Tokens

The Jamaica Stock Exchange (JSE) has suggested that it is now looking to list security tokens on its platform after a successful trial with regulated market participants including the Jamaica Central Securities Depository (JCSD).

The launch of trading on the JSE has been delayed as the original target completion date was set for the end of 2018, but the actual development, in cooperation with Canadian blockchain and crypto firm Blockstation, took the best part of a year.

The Jamaica Central Securities Depository played a major part in the trial, including managed settlement and custody of funds, both fiat and cryptocurrencies. JSEs managing Director Marlene Street Forrest commented that the pilot had been very smooth and now the exchange was looking forward to the next step which would be trading.

Blockstation, founded in 2014, was chosen as the partner for the JSE last year primarily because of its vast range of services including, compliant listing, trading, settlement, clearing and custody of digital assets and security tokens used by the exchanges ecosystem of investors, regulators, depository and broker-dealers.

The company’s co-founder and Chief Enterprise Architect Jai Waterman said that he was “excited to have successfully implemented the first real end-to-end digital asset trading ecosystem with the JSE within their regulated environment”.

Forrest said that the JSE hopes to start trading tokens and smart contracts once all trials have been completed.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Jamaica Stock Exchange Ready to List Security Tokens appeared first on BitcoinNews.com.

Jamaica Stock Exchange to Offer Cryptocurrency

The Jamaica Stock Exchange (JSE) announced on 14 August 2018 that it will begin offering cryptocurrencies for trading by the end of 2018.

The JSE has signed a memorandum of understanding (MoU) with blockchain and crypto firm Blockstation, who will be developing a digital assets platform for JSE. It will create the cryptocurrency side of the platform, while the JSE will integrate their infrastructure into the platform. Apparently, Blockstation has already been developing this crypto trading platform for the JSE for the past six months.

Most importantly, this new crypto platform will be completely regulated with the same laws used to run the JSE, making the crypto investments safe for institutional investors. This could be a way for institutional investors to buy crypto, which is something much desired in the crypto space now that the US Securities and Exchange Commission (SEC) has not be approved any Bitcoin exchange-traded funds (ETF). A Bitcoin ETF would have paved the way for institutional investment into Bitcoin.

There is some speculation that the JSE will launch its own cryptocurrency and this could become a major asset, similar to how Binance Token (BNB) has become a major cryptocurrency as a utility token on the Binance exchange.

Blockstation co-founder and chief architect Jai Waterman, says, “Our mission is to provide a secure method of trading cryptocurrencies with broker-dealers and stock exchanges. We’re providing the stock exchange the technology for a broker-dealer network and repository, so that from end-to-end, their life cycle of trading – just like with securities – they can do the exact same thing with blockchain and cryptocurrencies.”

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post Jamaica Stock Exchange to Offer Cryptocurrency appeared first on BitcoinNews.com.