Jamaica Stock Exchange digital currency trading pilot gets thumbs up

Jamaica Stock Exchange digital currency trading pilot gets thumbs up

Following a successful live digital currency trading pilot, the Jamaica Stock Exchange (JSE) has set its sights on listing security tokens.

Working with Canadian fintech firm Blockstation, the JSE is running a pilot to "demonstrate the complete lifecycle" of the digital asset ecosystem.

So far, for the last 60 days, the Exchange has been working with a group of broker dealers, market makers and the Jamaica Central Securities Depository.

The JSE set up and managed the participants on the platform, with the broker members conducting daily trading and managing their client accounts. The JCSD has managed the clearing, settlement and custody of cash and digital currencies, and overseen compliance reporting and reconciliation.

"The pilot has been very smooth so far and we are quite happy with the results," says Marlene Street Forrest, MD, JSE.

Now, the pilot is gearing up to go further: "We are looking forward to moving to the next stage of the pilot which would eventually include the listing of security tokens."

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