According to reports coming from the Jamaican Stock Exchange, the firm has partnered with
In a press release sent out on April the 3rd, the two firms agreed to enter into an agreement that will be approved by the JSE and
The exchange will offer full cryptocurrency trading solutions for the JSE and individuals in the country. It plans on offering complaint listings, trading, clearing and settlements of digital assets along with security tokens in the blockchain ecosystem.
The JSE is familiar with
According to the managing director Marlene Street Forrest;
“This is an unprecedented opportunity for the JSE to diversify its product offering and attract new listings and inbound investments. We welcome retail investors and companies both locally and around the globe to trade digital assets under a safe, efficient and transparent regulatory framework.”
The co-founder of
He later explained in a statement that:
“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.”
Blockchain technology in Jamaica
This new deal between the firms will enable the JSE to help offer security tokens (STO) to
In October of 2018, there was news that the Jamaican Stock Exchange market was active with various activities in the financial sector. The counties index moved to more than 233% back in 2013, which was significantly higher than the S&P 500. Which had an improvement of around 73% during that same period.
The Government is looking to increase the economy by more than 5% per year, straight into 2020. While improving on billions in funds from China’s economic infrastructure. The Country has suffered from tremendous debts over the past years and has therefore cut back in borrowing as a financial strategy.
What are your thoughts on the deal make with the JSE? Feel free to leave a comment down below.