Cryptocurrencies, Estonia, Financial Services
International Internet Magazine. Baltic States news & analytics
Saturday, 27.04.2024, 06:08
Cryptocurrency platform registered in Estonia enables trading in US shares
DX.Exchange
announced that the platform enables trading both in various traditional
currencies as well as the top crypto-currencies to buy shares of companies
listed in the Nasdaq, New York, Hong Kong and Tokyo stock exchanges. Once
purchased, stocks will be held on behalf of the token owners in a segregated
account of MPS MarketPlace
Securities Ltd based in Malta.
Shares to be traded on the platform are tokenized, which
allows for each unit of the digital security token backed by regular
shares of the company to be sold and purchased as a whole or in fractions.
The company operates in Estonia via Coins Marketplace Technologies OU, which
has been issued activity licenses for providing a virtual currency wallet
service as well as exchanging a virtual currency against a fiat currency.
The administrative address of Coins Marketplace Technologies OU is registered at 2 Roosikrantsi
Street in Tallinn. The company was established in December, 2017 by KRM Holding and the entity with
authorized access to the company's procedural documents is also KRM Agent OU. The owner of Coins Marketplace Technologies OU is Limor Patarkazishvili, and member of
the board is Hagay Elyakim,
both citizens of Israel.
Bloomberg reported on Thursday that digital stocks could
hold advantages over traditional shares because they can be traded even when
exchanges are closed, and traders can choose to buy fractions of a share. They
could also give foreign investors the ability to buy and sell US shares they
might otherwise struggle to access.
The US Securities and Exchange Commission, which regulates
trading of US stocks, declined to comment, Bloomberg reported.