Toronto based Blockstation has signed an agreement with the Jamaica Stock Exchange (JSE) to provide digital currency and token trading including settlement, trading and more. Blockstation is a company that provides existing stock exchanges to transition to a blockchain based transactions. Initially known as the Kingston Stock Exchange, the JSE has been in operation since 1969. In 2015, JSE launched a new online trading platform designed to accommodate greater interest from international investors.
Marlene Street Forrest, Managing Director of the JSE, said they are excited to implement the service, thus satisfying “considerable investor interest in digital assets.”
“We are also proud to be at the forefront of bringing innovation to capital markets. We are very comfortable moving forward based on the training and support provided by Blockstation, and because their trading platform incorporates familiar compliance rules to ensure a fair marketplace.”
Prior to the announcement, a live workshop was completed with an initial group of five broker members and representatives from local regulators. Blockstation also previously completed successful beta tests in Jamaica with participating institutions.
Kirk Brown, Head Trader for Sagicor Investments – a broker member of the JSE, said it is very important for investors to be able to invest in digital assets through their traditional financial institutions.
“It’s exciting to be at the cutting edge where digital currency demand meets safe reliable access”.
JSE is not the first exchange to announced the facilitation of digital assets but it is an early adapter to a industry shift that appears to be picking up speed.
Happy Independence Day Jamaica! Together, we have achieved great things since 1962.
Jamaica Stock Exchange (JSE), incorporated in 1968 and started operation in 1969. The “Best Performing Exchange” in the World for 2015. #Jamaica56 pic.twitter.com/gaahZiDJph
— Jamaica Stock Exchange (@jastockex) August 6, 2018