Seychelles Stock Market To List World First Security Token

Tokenized shares will be traded in the Indian Ocean archipelago state, alongside existing stock for the company, MERJ Exchange, which operates the bourse. The date of the listing was not disclose so far.

Edmond Tuohy, MERJ CEO (photo):

“We truly believe this technology will be one of the key steps toward democratizing access to global access to the capital markets.”

MERJ Exchange, formerly known as Trop-X Seychelles Ltd., began trading securities in 2013. The exchange has about 31 securities listed and a market capitalization of $325.9 million.