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Malta Stock Exchange sets up subsidiary for fintech and digital assets

The Malta Stock Exchange has launched its subsidiary ‘MSX PLC’, which will be the fintech and digital asset arm of the Malta Stock Exchange.

‘MSX PLC' will be entering into strategic joint ventures with reputable international companies in the areas of blockchain and cryptocurrency exchanges thereby expanding the operations of the MSE.
 

“The Government, as the main shareholding is supporting the Malta Stock Exchange board’s vision to enter into new areas and to partner with international companies that also have a vision and want to expand their operation here in Malta. Today’s signing of the two Memoranda of Understanding is just the beginning; we are hopeful that many others will follow and that the Stock Exchange continues to extend its portfolio into other areas”, stated Minister for Finance Edward Scicluna.

 

Edward Scicluna, Minister for Finance

 

Chairperson of the Malta Stock Exchange Joseph Portelli said that “Malta is fast becoming a centre of excellence within the global innovation landscape. The Malta Stock Exchange is one of the first, if not the first in the world, that is concretely investing in this new technological area”. Joseph Portelli, Managing Director of Fifth Force GmbH Zoe Adamovicz, operators of a platform under the name ‘Neufund,’ and Chief Risk Officer of OKEx Tae Won Tim Byun were the signatories of the two Memoranda of Understanding.

 

Source: Press Release by the Ministry for Finance

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