MERJ Preps Hybrid Securities-Blockchain Trading Tech Infrastructure
The Seychelles-based exchange finalizes IT and regulatory approvals ahead of launching the first listed security recorded in distributed ledger.
MERJ Exchange, a stock, debt and derivatives market based in the Seychelles Islands, is in the final stages of a technology cutover to a blockchain environment that will enable it to launch a securitized digital asset—the “world’s first” regulated token to be listed on a national stock exchange—within weeks, officials say.
MERJ CEO Edmond Tuohy says the exchange is going through its final regulatory approval process ahead of the launch, as it runs its old technology parallel to a distributed
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