MERJ Is Raising $4 Million in World’s First Tokenized IPO
- Tokenized stocks are digital assets representing shares
- IPO values operator of Seychelles bourse at $25 million
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MERJ Exchange Ltd. said it is raising $4 million in the world’s first initial public offering of a tokenized security on a national stock exchange.
The IPO on the Seychelles Stock Exchange values the company at $25 million, MERJ said in a statement. MERJ, which operates the exchange, is selling 1.65 million shares at $2.42 each.