Upstream, part of MERJ, is reporting over 12,500 users.
MERJ, a stock exchange based in Seychelles, is regulated by the Financial Services Authority.
Self-described as a “global stock exchange for digital securities,” Upstream is an online platform that enables investors to trade shares in IPOs, NFTs, crowdfunded companies, US and international equities, as well as other securities. Upstream uses a “distributed ledger approach to data and a “smart contract-powered market” for” modern investors.”
Upstream explains:
“Upstream’s journey to 12,500 users has been two-fold. On one end, we have a pipeline of issuers interested in dual listing on Upstream to reach a global investor base seeking secure, fair, and efficient trading experiences that can trade using credit cards, debit cards, PayPal, USD, USDC, unlocking liquidity and enhancing price discovery. It’s typically challenging for investors outside the U.S. and Canada to access Nasdaq, NYSE, OTC, Canadian securities, and other markets. Our streamlined process and support for dual listings have transformed Upstream into an attractive destination for issuers seeking expanded reach and engagement with their audiences. We also offer issuers $75k of additional value through our channel partners to enhance visibility surrounding the listing.”
While still small, Upstream says it is providing transparent tools and extended trading hours to serve global investors as it builds its user base.
