Australian Fintech heavyweight to launch institutional-grade security token exchange in Malta
26 Sep, 2018, 13:07 BST
KALKARA, Malta, Sept. 26, 2018 /PRNewswire/ -- Rick Klink the founder of Paritech and OpenMarkets, Australia's largest independent trading platform by trading volume of over AUD50 billion per annum, heads up Malta Digital Exchange (MDX) and brings his ground-breaking technology to the digital asset space.
The cryptocurrency and blockchain sector saw exponential growth in 2017, now a push towards regulation will provide trust and a safe environment for institutional investors, allowing them to participate in the global economy.
Security tokens are the next generation of regulated securities, which are being built on blockchain-based infrastructure rather than being restricted to legacy systems. MDX aims to become the world's premier security token exchange, which will enable greater market efficiency, accessibility, liquidity and transparency within the capital markets.
Malta Digital Exchange will be a multi-asset digital exchange which focuses on virtual financial assets (VFA) and security tokens. MDX elected to establish in Malta who are at the forefront of innovative regulatory framework for virtual financial assets, which provide the ultimate foundation for the security token exchange.
"It's a very exciting time in the digital assets space with the rapid emergence of security tokens. Malta Digital Exchange is at the forefront of the current Capital Markets 2.0 wave", CEO Rick Klink said.
MDX leverages Paritech's technology who specialize in the development and integration of low touch, low cost, stock market brokerage systems. Their focus on cutting-edge technology and customized solutions, result in systems suitable for high-end securities trading applications.
The exchange will feature instant order matching T+0, adjustable and special fees (maker-taker), minimum and partial executions and limited and unlimited orders. The exchange is designed for high volume and features high-performance access for B2B clients.
To find out more about the Malta Digital Exchange, visit: https://www.maltadx.com/
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SOURCE Malta Digital Exchange