The Jamaica Stock Exchange (JSE) could start to list security tokens for clients. The information was released by the Canadian company Blockstation that is currently working with the JSE. According to Marlene Street Forrest, the JSE’s managing director explained that the first tests were very positive in terms of performance. At the same time, she mentioned that the JSE is very happy with the results.

About this, she commented:

“We are looking forward to moving to the next stage of the piot which would eventually include the listing of security tokens.”

The announcement says that the intention is to demonstrate the complete lifecycle of the digital asset ecosystem. This means that the company would have to set up a platform, manage participants and also conduct trading activities.

The Jamaica Central Securities Depository (JCSD) has been part of the first pilot, among other regulated broker-dealers. The JCSD managed clearing, settlement and custody of funds, including fiat and cryptocurrencies.

In a conversation with CoinDesk, Forrest said that the intention is to trade tokens and smart contracts. This is not the first time that there is a company trying to offer to trade in security tokens.

For example, Zilliqa has partnered with MaiCoin in order to build a centralized security token exchange called Hg Exchange. This platform will be based in Singapore and wants to tokenize shares of different companies such as Airbnb, Uber or SpaceX.

The DX.Exchange has also launched a platform that allows users to purchase crypto tokens that represent shares in different firms on the Nasdaq. Nevertheless, this platform has already been involved in some controversies regarding the security of its platform. There were some reports regarding some vulnerabilities detected by one of the users.

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