The exchange which was founded five decades ago has inked an agreement with Canadian fintech firm Blockchain that will ‘enable live trading of digital assets and security tokens in a regulated and secured environment’, according to a statement.
Under the agreement, Blockstation will offer the end-to-end crypto trading platform for JSE’s network. This followed a test-run in which the broker-dealer members of the JSE participated. JSE’s subsidiary, the Jamaica Central Securities Depository, also took part in the pilot phase.
According to the JSE’s managing director, Marlene Street Forrest, the development will allow the stock exchange to ‘diversify its product offerings’. Additionally, it will allow the JSE to ‘attract new listings and inbound investments’.