Malta Digital Exchange (MDX) has announced it will be moving its expanding operations over to the premises of the Malta Stock Exchange, according to the Times of Malta.
The move comes ahead of MDX’s plan to launch its digital exchange division.
MDX was launched in September 2018 and facilitates regulated virtual financial assets trading under the rules of Malta’s Virtual Financial Assets (VFA) Act.
In October, it announced the appointment of Johan Ditz Lemche as CEO and Chris Truce as a board member. Truce was formerly the head of fintech at Saxo Bank.
MDX is currently in the process of obtaining a securities license. If obtained, the license will allow MDX to operate a multilateral trading facility, which will offer a secondary market for digital securities trading.
Reportedly, Malta Digital Exchange will be leveraging Paritech’s Parichain technology. Paritech is a leading global firm specialising in the development and integration of low-touch, low-cost stock market brokerage systems.
The Parichain technology is designed for professional, high volume business-to-business clients.
Malta Digital Exchange founder Rick Klink commented: “Malta is at the forefront of regulatory framework for blockchain regulation, and is the perfect launch pad for MDX’s institutional grade platform.”
“Our move to the Malta Stock Exchange means that we are now physically positioned to be at the heart of the next wave of institutional financial innovation,” he adds.
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.