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Eastern Caribbean Securities Exchange Partners with Blockstation to Pilot Digital Asset Trading

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Signed agreement will see testing of Bitcoin, Ether and Tokenized IPOs on the ECSE

Basseterre, St. Kitts and Toronto, Ontario–(Newsfile Corp. – March 10, 2020) – The Eastern Caribbean Securities Exchange (ECSE) is proud to announce a Letter of Intent selecting technology partner Blockstation to pilot the trading of digital assets including Tokenized IPOs (also known as Security Token Offerings, or STOs), Bitcoin, and Ether in 2020.

Blockstation provides an end-to-end platform for the compliant tokenization, listing, trading, clearing, and settlement of digital assets for every participant in the stock exchange ecosystem including issuers, investors, broker-dealers, depositories, market makers, and regulators.

Talks between Blockstation and the ECSE began in late 2018, with positive steps taken towards an agreement following successful trials of the platform with the Jamaica Stock Exchange (JSE) – including the announcement of the first four issuers to conduct a Tokenized IPO later this year – and a planned pilot with the Barbados Stock Exchange (BSE).

“The ECSE is proud to take a leading role in increasing access to and participation in our securities market through digital assets,” says Trevor E. Blake, Managing Director of the ECSE. “This pilot follows the pilot being undertaken by the Eastern Caribbean Central Bank (ECCB) of a digital EC dollar (DXCD) that will be the world’s first central bank-backed digital currency, supporting the ECCB’s goal to remove financial frictions, promote financial stability, and expedite growth and development in the member countries of the Eastern Caribbean Currency Union (ECCU).”

The ECSE intends to leverage the Blockstation platform to provide:

100% insurance on investors’ digital assets

Prospectus+ Smart Listing Accelerator Portal (SLAP) for issuers to create and manage their disclosure documentation in preparation for a Tokenized IPO

Secure, streamlined KYC/AML processes to ensure trading only with trusted parties

Best-in-class design with a user-customized dashboard showing the bid/ask book, trading interface and market activity at a glance

Decentralized custodianship with multi-signature authorization in cold storage vaults

ChainWatch security tool for regulators to track the source and flow of assets in real time,

Hassle-free withdrawal and conversion of digital assets with end-of-day settlement

Liquidity from a central, continuous order book with multiple broker-dealers and market makers

The Blockstation platform also enables the compliant listing of digital assets such Tokenized IPOs (also known as Security Token Offerings, or STOs) from anywhere in the world. Further, it facilitates access to international investors by permitting the use of Bitcoin and Ether in addition to fiat currencies, enabling smaller investors to participate in exciting offerings due to the low cost of blockchain transactions.

The ECCU already has a regulatory framework in place to support investment and funding from international sources.

“It’s inspiring to see the vision of shared prosperity resonate so strongly in our conversations with the ECSE and financial regulators in the region,” says Matt Singh, VP of Sales at Blockstation. “We look forward to advancing the ECSE’s goals of leveraging the blockchain to bring transparency, improved security and new economic opportunities to their citizens and global investors.”

To learn more about Tokenized IPOs, visit: www.blockstation.com/tokenize

-30-

About Eastern Caribbean Securities Exchange

The ECSE is a fully electronic regional exchange incorporated in the Federation of St Christopher and Nevis under the Companies Act of 1996 as a public limited liability company. It is licensed and regulated under the Securities Act of 2001.

The ECSE carries on business as a regional securities exchange and facilitates the buying and selling of financial products, including corporate and government securities for the member territories of the Eastern Caribbean Currency Union.

The ECSE has a wholly-owned subsidiary, the Eastern Caribbean Central Securities Depository Ltd. Its main activities include the post-trade clearing and settling of securities market transactions and also the electronic maintenance of records of securities on the behalf of securities issuers.

The registered office is situated at Bird Rock, Basseterre, and St. Kitts.

About Blockstation Inc.

Blockstation, a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges. It provides the end-to-end and compliant listing, trading, clearing and settlement of digital assets and security tokens for the entire ecosystem of broker-dealers, investors, issuers, depositories and regulators. Blockstation enables stock exchanges to quickly meet investor demand for digital assets and attract new listing and trading revenues. The solution fits existing IT infrastructure, trading processes, risk management and regulatory frameworks. www.blockstation.com

Blockstation media contact:

Michael Spiar
Content Manager
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53133

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Global Digital Lending Platform Market Forecast to Surge, Reflecting a Projected CAGR of 21.9% Through 2028 with Focus on Asia-Pacific Regional Growth

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Blockchain

Investview to Expand into the Securities Brokerage Business – Completes the Acquisition of Broker-Dealer, “Opencash Securities, LLC”. – Updated

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Blockchain

DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP

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defi-technologies’-wholly-owned-subsidiary-valour-inc.,-bitcoin-suisse-ag,-and-stoxx-launch-the-1valour-stoxx-bitcoin-suisse-digital-asset-blue-chip-etp

DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc. (“Valour”), a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has partnered with Bitcoin Suisse AG, and STOXX in launching the innovative 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. This pioneering product marks a significant step forward in the digital asset market, providing a diversified investment approach to the top blue-chip digital assets in a simple and secure manner.

This new ETP is built upon the existing partnership between Valour and Bitcoin Suisse AG (“Bitcoin Suisse”), initially formed to develop Exchange Traded Products (ETPs) backed 1:1 by digital assets. This collaboration has been leveraging the unique capabilities and extensive expertise of both Valour and Bitcoin Suisse in the digital asset market. The primary focus of their joint efforts is to launch, list, operate, and distribute ETPs in both the international and Swiss markets. Swiss crypto-finance and technology pioneer Bitcoin Suisse, with its established brand recognition in the crypto assets sector, complements Valour’s role as an issuer of ETPs and provider of an exchange listing platform for digital assets.

Andrej Majcen, Chief Executive Officer of Bitcoin Suisse, commented “With this index based ETP, we are excited to be able to offer the possibility to passively diversify into the digital asset market. Our goal is to enable investors to make more informed investment decisions by providing them with professional tools in a maturing market. The Blue-Chip Index is derived methodically from a systematic rule set, making digital asset selection for portfolio diversification more accessible and less complex. Once more, Bitcoin Suisse continues to demonstrate its strength as a pioneer by delivering the first leading smart beta investment product for digital assets. With a rule based asset selection, the Blue-Chip Index is Europe’s first investment alternative to pure top market cap crypto asset strategies. We are proud to collaborate with well established and trusted partners in the global financial markets for the launch of this innovative product.“

The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is uniquely structured to track the performance of the STOXX Digital Asset Blue Chip X Index. This index offers exposure to leading assets within the broader STOXX Digital Asset Blue Chip Index, specifically those trading on Xetra. The ETP employs a rule-based passive index methodology, meticulously designed to encompass a comprehensive spectrum of the cryptocurrency market.

Assets are classified into sectors such as Cryptocurrency, General Purpose Smart Contract Platform, Decentralized Finance (DeFi), Utility, and Culture, using the Bitcoin Suisse Global Crypto Taxonomy (GCT). The selection of assets is based on a rigorous multi-step process aimed at identifying the most influential and representative assets in each sector. This selection is re-evaluated quarterly, ensuring the ETP remains reflective of the dynamic digital asset market.

“With a maximum weighting limit of 30% for each underlying crypto, the new 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP serves as the perfect tool for entering the crypto world with just one position in your portfolio,” adds Marco Infuso, Chief Sales Officer at Valour. “It can be used as a kind of satellite approach in an institutional portfolio and is ideal as a monthly savings plan solution for retail customers.”

This ETP is the result of a synergistic collaboration between Valour, Bitcoin Suisse, and STOXX, each bringing unique strengths to the table. Valour provides its proven expertise in ETP issuance, Bitcoin Suisse offers its deep-rooted experience in the crypto-finance and technology domain, and STOXX contributes its renowned capabilities in index creation and management.

The post DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP appeared first on HIPTHER Alerts.

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