Jamaica Stock Exchange Partners With Canadian Fintech Firm for Crypto and Tokens Trading

Jamaica Stock Exchange, Blockstation Partner for Crypto and Tokens Trading

The Jamaica Stock Exchange (JSE) has partnered with Canada-based financial technology (fintech) firm Blockstation for the trading of cryptocurrencies and tokens at the JSE platform. Under the initiative, the JSE will offer trading, execution, quotes, and settlement services for tokens and digital currencies.

According to JSE Director Marlene Street Forrest, they believe that the project will be successful because the Blockstation platform is compliant with regulations, thus, ensuring a fair marketplace.

“We are very comfortable moving forward based on the training and support provided by Blockstation, and because their trading platform incorporates familiar compliance rules to ensure a fair marketplace.”


Other Project Details and Developments

Before the deal was signed, five JSE broker members took part in a live workshop with representatives from Jamaican regulators. Blockstation, meanwhile, has successfully conducted a beta testing of its platform with participating institutions in Jamaica.

The JSE and Blockstation also signed a memorandum of understanding (MOU), in which they both agree to cooperate again in the future.


Crypto Developments Around the World

Meanwhile, several stock exchanges around the world are also advancing their own crypto projects. In Germany, the country’s second-biggest exchange, the Stuttgart Börse has announced plans to establish a new multilateral digital currency trading venue and a platform for initial coin offerings (ICOs).

According to the exchange’s CEO Alexander Höptner, the platform was designed to meet the demand for a regulated and dependable system for cryptocurrency trading as requested by both institutional and retail investors.

In Malta, the Maltese Stock Exchange (MSE) has announced that it is partnering with digital asset exchange OKEx to launch an institutional grade security-tokens trading platform under a joint initiative called OKMSX. The project is designed as a platform for digital asset exchanges with client due diligence and security expertise.