MERJ Partners with U.K Firm Globacap to Offer Tokenized Assets in IPO


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In a bid to set international governance standards and safety nets in the cryptospace, MERJ Exchange, Seychelles’ first national stock exchange to list tokenized securities, has partnered with Globacap, the U.K.’s first regulated platform to issue equity tokens. In their alliance, the duo will offer tokenized assets to the U.K. and European customers in an Initial Public Offering (IPO) scheduled for September 2019, according to a press release on August 29, 2019.

MERJ Exchange Collaborates with Globalcap

Per the press release, MERJ Exchange has collaborated with Globacap, a financial services firm regulated by the Financial Conduct Authority (FCA), to offer tokenized assets to customers in the U.K and Europe via an initial public offering (IPO) scheduled for September 2019.

According to the team, MERJ plans to offer 16 percent of its share capital out of the 8.7 million shares listed as tokenized assets on its platform.

The team says the new alliance is aimed at shaping the future of the financial markets by creating international governance standards and safety nets for the trade of tokenized securities in a fully compliant end-to-end infrastructure.

The MERJ Journey

Reportedly, MERJ Exchange was created as a result of a collaboration between the International Monetary Fund (IMF) and World Bank, working with the government of Seychelles to build the financial services sector. The stock exchange operator is regulated by the Seychelles Financial Services Authority.

This August, MERJ listed equity-security tokens on its platform and as such, it overtook its rivals to become the world’s first fully regulated national stock exchange to list tokenized assets.

Edmond Tuohy, CEO of MERJ Exchange while commenting on the exchange’s partnership with Globacap said Seychelles exchange will be the world’s first entity to offer security tokens in an IPO and it’s backed by a partner that is equipped with the right technology, systems, and approach to understanding the significance of this huge milestone.

Myles Milston, Founder and CEO of Globacap who also made comments said Globacap and MERJ have a sole purpose of bringing the efficiency and cost-effectiveness of the revolutionary distributed ledger technology (DLT) to the regulated financial markets space.

“MERJ has demonstrated unquestionable leadership and its IPO will be a landmark event in bridging regulated financial markets and the world of digital assets,” Milston said.

In related news, earlier in July 2019, BTCManager reported that Smartlands, a British startup is launching a real estate tokenization project to enable retail and institutional investors to acquire properties and benefit from capital appreciation.

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