The BSE set to become one of the first regulated exchanges to list Tokenized IPOs
Toronto, Ontario and St. Michael, Barbados--(Newsfile Corp. - May 12, 2022) - The Barbados Stock Exchange (BSE) is pleased to announce the signing of a Master Agreement with Blockstation, a leading Canadian FinTech, to launch a new blockchain-driven tokenized securities marketplace.
By adopting the Blockstation Digital Asset Platform, the BSE will satisfy growing demand for a secure, regulated means of listing tokenized securities and attract exciting new issuers who are eager to raise capital and go public. Tokenized IPOs can reduce time and cost when compared to traditional workflows, providing efficiencies for all parties and making the securities marketplace more accessible for all participants.
"This platform is instrumental in providing access to capital and liquidity for both local and international businesses through our International Securities Market (ISM)," says Marlon Yarde, BSE Managing Director. "Blockstation is the right technology partner for us to ensure we provide issuers with a secure and efficient means to tokenize their equity, conduct cost-effective IPOs, raise capital, and reach the deepest possible pool of investors."
This Master Agreement follows a successful pilot of the Blockstation platform which involved the BSE, the Barbados Central Securities Depository and First Citizens Investment Services in 2021. The pilot proved the system's suitability to support...
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