MDX Signs MOU with finbc to List FBC Security Token

Malta Digital Exchange (MDX) partnered with German finbc to list finbc’s security token with the ticker FBC. finbc plans to conduct an STO next year.

Malta Digital Exchange (MDX) has reached an agreement with blockchain-oriented fintech firm finbc to list its security token FBC. The two parties signed a memorandum of understanding (MOU) stipulating that the token will be added when MDX starts its operations. Germany-based finbc runs a peer-to-peer finance and payment platform and plans to conduct a security token offering (STO) – which is a relatively new form of fundraising that mixes the features of initial coin offerings (ICOs) and initial public offerings (IPOs).

finbc CEO Stefan Grimm commented:

“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.”

“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,” he added.

finbc built its blockchain solution on Hyperledger. The platform helps small and medium-sized enterprises (SMEs) to manage working capital by providing international invoicing, financing, and payment features. Thanks to finbc’s product, businesses can freely send invoices, pay and receive funds in any fiat currency and many cryptocurrencies, and act as investors by providing liquidity to other members.

Malta Digital Exchange is a recently launched platform that focuses on trading of security tokens and virtual financial assets (VFA).

Last month, we reported that MDX reached an agreement with Canamex Gold to list Canamex’s security tokens GOLDUSA and SILVERUSA.

Security tokens are blockchain-based cryptocurrency-like units that are backed by real-world assets, such as company shares, commodities or real estate.

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