Jamaica successfully completed the pilot test to initiate the commercialization of cryptocurrencies –bitcoin and ether– as well as tokens. The Jamaica Stock Exchange (JSE), the Jamaica Central Securities Depository (JCSD) and members of brokerages participated in the pilot project.
In 2018 the Caribbean nation established an agreement with the Canadian startup Fintech Company Blockstation with the purpose of “starting the trade of digital assets and security tokens for brokers” through the Stock Exchange.
Both agencies established a master contract in August of last year, focused mainly on the cryptocurrency trading; quotation, execution and liquidation of bitcoin and ether in a regulated and secure way through the stock market.
Marlene Street Forrest, managing director of the JSE, said that “they have worked closely with Blockstation, to ensure that the exchange platform meets the needs of the stock market ecosystem.”
She emphasized that the initiative is an opportunity to commercialize the island’s products, attract retail investors, and establish contacts with local and international companies to trade digital assets in a safe, fast and transparent manner.
From Blockstation, co-founder and corporate architect of startup Jai Waterman, he underlined the potential of cryptocurrencies as well as their commitment to facilitate their adoption by the traditional financial ecosystem. He stressed that digital assets “are the future of the capital markets.”
M.Pino
Source: Infocoin
