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MERJ, the official stock exchange fo the Republic of Seychelles, will soon be opening its doors to accredited American investors. The exchange is making this possible through a new agreement with US broker-dealer Jumpstart and custodial service Prime Trust.
MERJ made the news earlier this year for being the first national exchange to list security tokens. The official stock market of Seychelles, the exchange announced it was
Now, the exchange is trying to expand liquidity by opening itself up to accredited American investors as well. MERJ is teaming up with Prime Trust to manage the crypto-asset and Jumpstart to be the corresponding US-licensed broker-dealer. What this means is that Americans will soon have another means of directly investing in the security token industry via an exchange platform.
It seems that the exchange is quickly expanding. In fact, in late August MERJ also announced it was partnering with Globacap to expand its security token offerings to also be available to the EU and UK.
It’s clear that the exchange is seeking to solidify its place as one of the leading security token platforms. However, they have some friendly competition from the Gibraltar Stock Exchange and Switzerland-based SIX, both national exchanges which also are eyeing the security token industry.
Do you believe that MERJ could become a leader in the security token industry? Let us know your thoughts in the comments.
Image courtesy of MERJ.