OKEx celebrates anniversary in Malta, readies launching OKMSX

(source: Unsplash/André François McKenzie)

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OKEx celebrates the first anniversary of its relocation to Malta in July, which the company considers an “important hub” for its activities, according to a press statement sent to Business Malta. OKEx also readies to launch its institutional-grade exchange for security tokens OKMSX in Q1 2020.

“Malta is an important hub for us to connect to the European markets. This year marks a significant milestone for us. Over the year, in Malta, we have been working closely with legal and compliance experts, and local authorities to prompt the development of OKMSX,” said Andy Cheung, Head of Operations of OKEx.

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“This joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We are excited as it is finally happening in 2020,” he added.

“Backed by the strong support from the Maltese government, the Delta Summit is one of the world’s most important blockchain events. We look forward to bringing in more insightful discussions and sharing our upcoming plans with the world during the conference,” Mr Cheung continued.

OKEx has been collaborating with MSX since 2018, the digital and fintech arm of Malta Stock Exchange Holdings, in order to launch OKMSX, which is an institutional-grade exchange for security tokens in support of the “Blockchain Island” initiative in Malta. After one year of preparation time, the new exchange is at the final stage of development and the launch is expected in Q1 2020, according to the press release sent to BM.

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The Delta Summit tech week will bring together players from tech industries, including sectors of blockchain, cryptocurrency, artificial intelligence (AI) and internet of things (IoT), among many others.

Malta has shown a welcoming attitude for emerging technology startups, which seek a base for innovations and presenting their ideas to the world.