Insight

Integrating DLT in the Capital Markets

Malta Digital Exchange (MDX) was set up in 2018 by Rick Klink, the founder of Australia's largest independent trading platform by volume with over $50 billion per annum. CEO Johan Ditz Lemche shares MDX's future plans with MaltaProfile.

 

Can you give us an overview of the Malta Digital Exchange?

Malta Digital Exchange (MDX) is a multi-asset digital exchange with focus on Virtual Financial Assets (VFAs) and security tokens. MDX will feature instant order matching T+0 via the application of DLT, adjustable and special fees, minimum and partial executions as well as limited and unlimited orders. MDX’s institutional-grade platform, along with its proprietary technology, is designed for high volume and professional B2B clients. With the introduction of security tokens to the financial markets, institutional players will have a solid asset-backed security to include in their portfolios, which are subject to traditional valuation methods.

 

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Can you tell us more about the management team?

The founder, Rick Klink, is the Executive Chairman of MDX, while I am the CEO. We are happy to have onboarded Nicholas Bennett as COO. Nicholas is a skilled financial markets specialist who has gained extensive international experience in the wholesale and retail financial markets. On the board, Mr Chris Truce, Head of Fintech at Saxo Bank, has joined MDX as Non-Executive Director. Chris has a proven global track record in digital business transformation and API ‘first’ project developments.

 

  

Malta Digital Exchange


What are your plans for the future?

The goal of MDX is to disrupt traditional ways of raising capital via primary listings and applying the latest technology in trading such as secondary market listings. Applying the latest technology developed by Paritech – a company which also was founded by Rick Klink – MDX intends to have its digital securities accessible via the Refinitiv/Thomson Reuters Eikon Terminal, thus providing institutional-grade access and a way to enable widespread institutional adoption. MDX is establishing a strong presence in Malta.

 

What are the key advantages of operating in Malta?

Malta is a leading player when it comes to blockchain regulation, which means additional safety for investors and improved controls on anti-money laundering compared to unregulated jurisdictions. Through the Malta Digital Innovation Authority Act, the Innovative Technology Arrangements and Services Act, and the Virtual Financial Assets Act, Malta has created a nurturing environment for emerging technologies and their financial markets.

Johan Ditz Lemche joined MDX as CEO in November 2018. He has been working in the financial services industry for more than 15 years and has a solid academic background with a master’s degree in economics from the University of Copenhagen. Mr Lemche has been trusted several board positions and investment committee member roles and serves as committee member in the Financial Markets Association Malta (FMAM). 


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