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

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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. The exchange is also in discussion with “several companies” over potentially listing their tokenized shares on its platform.Edmond Tuohy, CEO of MERJ, said:MERJ told CoinDesk it is using the ethereum blockchain to record the share register ownership, saying that, currently, “it is the best supported protocol for these purposes.”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…

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