MERJ Lists World’s First Tokenized Stock on Seychelles Bourse
- Exchange operator to follow listing with capital raise
- Securities trading using blockchain expected to reduce costs
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MERJ Exchange Ltd. said it completed the first-ever listing of a tokenized security on a national stock exchange, beating competitors from Zurich to Gibraltar.
The listing by introduction on the bourse operated by MERJ, the Seychelles Stock Exchange, was completed on Wednesday and will be followed by a sale of 16% of MERJ’s shares through the new securities later this year, it said in a statement.