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Jamaica Stock Exchange to Trade ETH and BTC

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Jamaica Stock Exchange to Trade ETH and BTC

With the help of Blockstation, an established Canadian fintech firm, The Jamaica Stock Exchange (JSE) will shortly launch a pilot to trade in Ethereum (ETH) and Bitcoin (BTC), as revealed by the firm in an official press release.

About the Partnership

Blockstation and JSE have come into an agreement to provide trading of security tokens and digital assets. They also want the trade to be live and in a secured and regulated surrounding.

They have already demonstrated the concept by trading cryptocurrency live in January in front of market makers, broker-dealers and Jamaica Central Securities Depository.

Their next step is to interact with retail investors and broker-dealers to make them familiar with the trade of ETH and BTC which will happen through the know your customer [KYC] procedure.

The two firms are known to each other as they were in a partnership in August 2018 as well when they came together to introduce trading of tokens and digital currencies on the stock exchange.

The partners plan to raise capital for Small and Medium Enterprises (SMEs) by giving them a simple and streamlined process with the help of security token offerings (STOs). They also want to show the financial companies that cryptocurrencies and digital assets can be traded in safely and securely. Moreover, they have plans to create a regulated and inclusive market for institutions and investors who are not allowed to participate in the digital assets market.

About Blockstation 

Blockstation provides the solutions for digital assets trading on stock exchanges by dealing in the settlement, trading, clearing and compliant listing of security tokens and digital assets for the whole chain of depositors, issuers, regulators, broker-dealers and investors.

Jai Waterman, the Chief Enterprise Architect and Co-founder of Blockstation said:  “Digital assets are the future of capital markets, and our turn-key solution paves the way for traditional financial institutions to easily adopt this new, game-changing asset class. We look forward to being part of the evolution of finance going forward.”

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I am a content writer with interests in life sciences and blockchain. I believe that blockchain has the potential to transform every aspect of human endeavor. I love surfing the internet, reading, learning new things, and trying new cuisines.

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