What is Stobox
The Seychelles Stock Exchange (MERJ) listed tokenized securities as a supported asset, becoming the world’s first government-owned marketplace to do so..
Later this year, the exchange plans to digitize 16% of the central bank of its public offering. In parallel, MERJ is discussing with several companies the issue of placing their tokenized shares on its platform.
The Seychelles Stock Exchange uses the Ethereum blockchain to record ownership in the share register, considering the protocol to be the best option today..
Tokenized Central Banks are already available on the platform under the ticker MERJ-S and are traded at a price of $ 2.42, with a declared market capitalization of over $ 21 million.
In the future, the exchange plans to use blockchain technology to optimize its activities and reduce the costs of investors and issuers for the issue, registration, distribution, voting..
Recall that recently a Chinese court officially recognized bitcoin as a virtual property, despite the current ban on cryptocurrency circulation in the country.
text: Ivan Malichenko, photo: happyho