MSX PLC, the fintech and digital asset subsidiary of the Malta Stock Exchange, has signed a Memorandum of Understanding (MOU) with Binance, the world's largest cryptocurrency exchange by trading volume, to launch a new digital exchange for security token trading. The MOU follows a decision by Binance to extend its business to Malta in recognition of the country's robust and transparent crypto regulatory climate.

The new trading platform will leverage Malta Stock Exchange's 26-year track record of operating as a regulated stock exchange with extensive experience in regulatory compliance and client due diligence, while building on Binance's dynamic business model that observes substantial international reach.

"We are excited to continue helping to build the blockchain ecosystem in Malta, which has become a global hub for blockchain technology through active and transparent crypto regulations," said Changpeng Zhao, CEO of Binance. "This partnership will allow Binance and MSX to host traditional financial assets on blockchain technology through security tokens. We look forward to bringing more innovations to Malta and further establishing our presence here."

Malta Stock Exchange Chairman Joe Portelli said: "Malta is taking the helm of regulating blockchain technology and cultivating a centre of excellence in the global digital innovation landscape. The Malta Stock Exchange is thrilled to be teaming up with Binance, a market leader in the digital asset sector, and we look forward to seeing this exciting new market opportunity develop and push the boundaries of the Maltese financial sector."