National Stock Exchange Becomes World’s First to List a Tokenized Security – CoinDesk

  • Seychelles’ stock exchange has just listed a tokenized security for trading, becoming the first in the world to do so.
  • The exchange, MERJ, is licensed by the Indian Ocean nation’s Financial Services Authority as a securities exchange, clearing agency and securities depository (CSD), and is launching the token to represent its own equity.
  • Revealed exclusively to CoinDesk, MERJ said it will follow the listing by offering 16 percent of the tokenized shares in a public offering later in 2019.
  • Now seen on MERJ’s listings page , the tokenized security takes the ticker symbol “MERJ-S” and is currently trading at $2.42, with a stated market cap of $21,015,781.

Read full article: coindesk.com