The Liechtenstein FMA grants Nomisma (Liechtenstein) AG Europe’s first MIFID II license for a blockchain-based multilateral trading facility (MTF).
On 9 April 2020, the Liechtenstein Financial Market Authority granted Nomisma (Liechtenstein) AG conditional approval to operate a multilateral trading facility (MTF).
The license granted to Nomisma is not only the first approval for an MTF (Multilateral Trading Facility) in Liechtenstein. It is also the first European license for an MTF with a blockchain-based settlement mechanism, which allows trading in all financial instruments in tokenized form, including cryptocurrency derivatives.
Nomisma’s team is made up of experienced professionals from the financial industry, academics and experienced experts in the field of blockchain technology. The aim is to set up an exchange platform that creates an ecosystem for the issuance and trading of tokenized financial instruments. In addition, Nomisma has developed a proprietary derivative matching engine with novel liquidity bootstrapping capabilities and an associated trustless architecture.
“By receiving the conditional license, Nomisma has set an important milestone on the way to the beginning of a new era of trading tokenized assets. We are grateful for all the support we have received from our advisors in Liechtenstein. We continue to rely on their expert advice to fulfill the commitments made to the Liechtenstein FMA.” said Dimitrios Kavvathas, CEO, Executive Chairman and Co-Founder of Nomisma.
We are honored and delighted that Nomisma has entrusted our firm with this pioneering project and that we were able to assist Nomisma in successfully obtaining this unique license.
We would like to thank the entire Nomisma team for their excellent cooperation and look forward to working with them in the future.
Nomisma is now preparing to start operating the Nomisma MTF based in Vaduz, Liechtenstein.
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