MERJ Exchange and Globacap to provide tokenized securities in Europe

Edmond Tuohy, CEO of MERJ Exchange

Seychelles Securities Exchange (MERJ Exchange) has partnered with FCA-regulated automated capital markets platform, Globacap in a bid to issue tokenized securities in the UK and across Europe. The suppliers have stated that the alliance expects to bring together the companies in their goal of introducing international governance standards in the digital assets market.

“We will be the first entity anywhere in the world to hold an initial public offering of security tokens,” said Edmond Tuohy, CEO of MERJ Exchange. “For this ground-breaking event, it is essential to have a partner on board with the right technology, systems, and approach to grasp the significance of this milestone. Globacap is among the leaders who are really executing in this space and that resonates well with us.”

Established in 2017, Globacap’s services include digital security arranging, issuance, administration, and custody. It is regulated by the Financial Conduct Authority (FCA).

“Globacap and MERJ share a sense of mission to bring the efficiency and cost benefits of distributed ledger technology to the regulated financial markets arena,” said Globacap Founder and CEO Myles Milston. “MERJ has demonstrated unquestionable leadership and its IPO will be a landmark event in bridging regulated financial markets and the world of digital assets.”

MERJ Exchange was formed as a result of the initiatives undertaken by the IMF and the World Bank which aimed at establishing a financial services sector for ensuring the compliance of international standards. MERJ is licensed by the Seychelles Financial Services Authority and an affiliate member of the World Federation of Exchanges.

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