The Malta Stock Exchange has announced that Binance, one of the world’s largest cryptocurrency exchanges, will be extending its support to their newly-launched start-up accelerator programme.
The MSX FinTech Accelerator Programme will offer support services and mentorship to FinTech start-ups and entrepreneurs with the aim of helping them achieve a competitive edge. The programme will offer services including in-house accounting services and payroll, and will also provide facilities such as office space, state of the art communication facilities, conference rooms, and a training center. In addition to Binance, Thomson Reuters will also be providing mentorship to the start-ups.
According to a Tweet that was posted on the MSE’s official Twitter account yesterday, the Accelerator Programme will be accepting twelve FinTech companies to utilise their facilities.
“It is clear that Malta is becoming a Fintech and blockchain center of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster. This programme offers foreign entrepreneurs easy access to a readymade solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange.”
Joseph Portelli, Chairman of the Malta Stock Exchange
Malta has quickly established itself as a hub for blockchain and FinTech industries, proposing regulatory frameworks in an effort to attract crypto companies to the country. Earlier this year, Binance announced its plans to move its operations to the island, and was quickly followed by several other blockchain companies. Malta is now home to two of the top five crypto-exchanges in the world.
Binance also recently announced plans to launch a platform from its Maltese base that would facilitate crypto-to-fiat trading, after successfully opening up a bank account in the country.