Share this article
Malta Stock Exchange Lays Groundwork for Blockchain Testing
Malta’s stock exchange is in the early stages of experimenting with blockchain-based trading.
By Stan Higgins
Updated Sep 11, 2021, 12:44 p.m. Published Dec 5, 2016, 5:11 p.m.
Make us preferred on Google
Malta’s stock exchange is in the early stages of experimenting with blockchain-based trading.
The exchange quietly announced late last month that it was forming an internal ‘Blockchain Committee’ to guide the development of a strategic roadmap for testing the tech. The committee will be composed of the exchange’s senior leadership and stakeholders, as well as as-yet-unnamed “outside experts”.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Malta Stock Exchange, which was founded in the early 1990s and reports a market capitalization of about €11bn, said it is also looking to create a broader working group in a bid to drive interest among the business sector in the island nation.
The exchange said in a statement:
“The Exchange will also soon unveil the Malta Stock Exchange Blockchain Consortium a think tank which will bring together experts from the Exchange’s stakeholders as well as from other organizations throughout Malta to share knowledge and perhaps joint venture on the design and implementation of blockchain applications.”
In taking these first steps, the Malta Stock Exchange joins the growing ranks of institutions like it worldwide looking at potentially integrating the tech into their systems or, in some cases, replacing it outright.
The most notable example is perhaps the Australian Securities Exchange, which in August unveiled a blockchain settlement prototype developed in partnership with Digital Asset Holdings, the startup led by former JPMorgan exec Blythe Masters. ASX has also moved to buy a stake in the startup, investing more than $17m to date.
Image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted.
What to know:
- Paxos Gold (PAXG) posted a record inflow of $248 million in January, boosting its market cap to $2.2 billion.
- The tokenized gold market crossed $5.5B as investors seek stable value amid crypto stagnation.
- The moves occurred as gold prices surged to new records above $5,300.
Top Stories
