Jamaica’s Stock Exchange Lists Security Tokens After Successful Trial

The successful trial may open new doors to trading additional assets, including security tokens.

security tokens

The managing director of the Jamaican Stock Exchange (JSE), Marlene Street Forrest has welcomed the listing of security tokens, after completing a successful 60-day live cryptocurrency trading trial, for trading and management of digital assets. The JSE partnered with Canadian tech firm Blockstation. Street Forrest told the Jamaican Observer: “The pilot has been very smooth so far and we are quite happy with the results.”

In the last few years there has been a stock market boom in Jamaica, with stock valuations raising by as much as 300%. The trading of security tokens is still in its early stages, however. Fully legal registration of the asset and screening of the buyers means a secondary market is required. It is hoped the JSE and Blockstation partnership will create the new digital assets trading platform.

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