Jumpstart Securities and Prime Trust have joined forces with MERJ exchange, the official stock exchange of the Republic of Seychelles, to offer accredited investors residing in the United States, tokenized securities, according to a press release on September 4, 2019.
In a bid to make its tokenized asset offerings available to U.S investors, MERJ exchange has inked partnership deals with Jumpstart Securities, a U.S. broker-dealer, and cryptocurrency custodian, Prime Trust.
As reported by BTCManager earlier in August 2019, MERJ Exchange made history by becoming the first national stock exchange operator to list blockchain-based tokenized securities.
Now, MERJ’s partnership with Jumpstart Securities, a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC), and Prime Trust, a technology-driven financial institution offering crypto custodial services, will enable accredited U.S. investors to have access to tokenized securities.
Blockchain Revolutionizing the World
For the uninitiated, tokenization is the process of digitizing real-world assets like equities, bonds, real estate, and others or converting units of asset ownership into digital tokens through distributed ledger technology (DLT).
Commenting on the partnership between MERJ Exchange, Jumpstart Securities, and PrimeTrust, Edmond Tuohy, CEO of MERJ Exchange noted that while tokenized securities are fast gaining traction, the lack of a regulated secondary market for these investment vehicles remains a huge mountain to scale; however, MERJ is poised to solve this problem.
“There is growing appetite from around the world for tokenized securities. An entire ecosystem is growing at a rapid pace to service the demand for digital assets. The missing piece of the puzzle has been the absence of a secondary marketplace with the right regulatory structure, and MERJ is here to fill the void.”
Jonathan Self, CEO of Jumpstart Securities noted that the new alliance has all it takes to transform the world of tokenized securities and foster mainstream participation.
In his words:
“We see continued demand from both institutional and retail investors in tokenized securities. MERJ brings the best practices of a regulated marketplace to the tokenized security ecosystem. This could mark the beginning of real mainstream participation. We are glad to be able to bring this groundbreaking investment opportunity to the U.S. market.”
In related news, BTCManager informed on September 1, 2019, that MERJ had joined forces with Globacap, to offer tokenized assets to investors in the United Kingdom and Europe.