Waves Platform Opens Discussions with Malta Government on Tokenization of Financial Assets

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Russia-based Waves Platform announced it started negotiations with the government of Malta regarding the company’s accreditation in this Mediterranean country and potential scenarios for the use of the Waves blockchain solutions in the state’s government and corporate sectors.

According to an announcement, earlier this week Waves founder and CEO, Sasha Ivanov, met with Hon. Dr Joseph Muscat, Prime Minister of Malta, and representatives of the Maltese government. The startup’s representatives also attended a meeting with government officials and other interested parties to discuss technological cooperation in the fields of healthcare, land registry, voting and other areas, as well as proposals to use Waves as a platform for tokenised financial instruments.

The meeting was attended by Dr. Joseph Muscat, Prime Minister of Malta; Hon. Silvio Schembri, Junior Minister for Financial Services, Digital Economy and Innovation from the Maltese side; and Sasha Ivanov with Artem Tolkachev, Member of the Board of Tokenisation Standards Association, from the Waves side. Separate meetings were held with Stephen McCarthy, CEO of Malta Digital Innovation Authority, as well as representatives of the Malta Financial Services Authority.

The company believes that the first steps were encouraging and discussions will continue.

‘We are interested in this accreditation and are ready to start working with Malta’s legal experts to bring our ready-to-use blockchain solutions here: Waves for the financial sector and Vostok for the government and corporate sectors,’ said Sasha Ivanov.

Prime Minister Muscat added:

“Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.”

Silvio Schembri stated that ‘Malta is going through exciting times with world-renowned names associating themselves with us.’ Schembri also said that he is ‘looking forward for even further cooperation with the Waves Platform in the coming weeks.’

The news follows the announcement that Waves has begun the process of activating smart contracts on the platform’s mainnet.

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