Malta Digital Exchange signs MOU with finbc to list peer-to-peer finance security token FBC

VALLETTA, Malta, Nov. 28, 2018 /PRNewswire/ -- Malta Digital Exchange (MDX) has signed an MOU with P2P finance platform finbc for the listing of their security token FBC.

finbc, a Germany-based corporation, will perform a security token offering (STO) and launch one of the first security tokens with their P2P finance platform in early 2019. Under the agreement with MDX, the FBC token will be listed as soon as operations commence at the Malta Digital Exchange.

"This is a win-win cooperation. On the one hand, not only for private investors but also for the public who will be able to invest in FBC tokens. On the other hand, MDX follows down its path to become a leading securities exchange by enriching its portfolio with another innovative blockchain fintech," said Stefan Grimm, finbc CEO. "Tradability of assets is key to investors. This is why we are happy to jointly contribute to the future success of Security Token Offerings by bringing a credible and promising project with a sustainable business model to one of the most innovative digital exchanges."

finbc is an independent P2P receivables exchange and financing platform for SME, based on Hyperledger blockchain technology. Addressing the issue of managing working capital in SME - with finbc international invoicing, payments and financing becomes easier than ever. Providing a secure and open framework, companies can send invoices, pay and receive money, in any currency (including cryptocurrency), and can act as investors by allocating liquidity to other platform members.

"MDX is very pleased that finbc has chosen our platform to offer their security token," said Johan Ditz Lemche, CEO of MDX. "finbc has an innovative angle in managing operational assets and general enterprise resource planning via their corporate open peer-to-peer platform, which is in line with the current move towards automating company operations. Partnering with MDX provides finbc with a safe regulatory exchange, where transparency and pricing efficiency are at the forefront."

Malta Digital Exchange (MDX) is a multi-asset digital exchange, which focuses on security tokens and virtual financial assets (VFA). Featuring instant order matching T+0, adjustable and special fees (maker-taker), minimum and partial executions and limited and unlimited orders. Malta, being at the forefront of the regulatory framework for blockchain regulation provides the perfect jurisdiction for MDX's institutional-grade platform, along with proprietary technology provided by Paritech, designed for high volume and high-performance B2B clients.

For further information or to arrange a media interview, please contact Brooke Glew:

Email: [email protected]
Phone: +61-424-610-622

To find out more about the Malta Digital Exchange, visit: https://www.maltadx.com/ or finbc at https://www.finbc.io/

SOURCE Malta Digital Exchange

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