The Jamaica Stock Exchange (JSE) announced that it will soon introduce to its clients a tradable asset, based on cryptocurrencies.This is reported by CoinDesk.
The Exchange signed a protocol of mutual understanding with Blockstation, a blockchain start-up, under which a new platform for trading in digital assets will be created. It is known that the trading platform will be launched before the end of this year, but there's no info on the assets available.
JSE Managing Director Marlene Street Forrest believes that the cryptocurrency as an investment product will be able to supplement the offer of the stock exchange, which currently features such instruments as stocks, bonds, etc.
So the end game at the end of the day is to trade tokens, the end game is smart contacts, the end game is to provide that area of the market that would like this product, to start to do so in a secure manner.
Marlene Street Forrest
Managing Director, Jamaica Stock Exchange
The co-founder of Blockstation J Waterman said that his company has been cooperating with the stock exchange for six months and is developing an individual trading platform for it. He noted that JSE requested that the new platform be equipped with tools to track market manipulation and meet other regulatory requirements.