Blackpool, a blockchain fintech company, announced today that it has expanded into Malta by opening a new office in the St. Julian’s area. The move comes ahead of the anticipated approval of its Category 3 Investment Services Licence issued by the Malta Financial Services Authority (MFSA).
With thlicensece and new operations in Malta, Blackpool aims to build a legally compliant framework to provide dealing and brokerage services. Through these services, the firm plans to safeguard clients’ assets throughout Europe and the European Economic Area under pas sportingting arrangement.
Furthermore, Blackpoolpool Financial Group, which shares the same managementBlackpoolpool, will also strengthen its regulatory stance later this year. This will be achieved by applying toauthorizedised as a Virtual FinancAssetsets (VFA) service provider. In addition, the company is also planning to obtauthorizationtion as a ‘Technology Arrangement’.
The move to Malta follows the launch of Prime Meridian CapitaBoxern
Only last week, Finance Magnates reportBlackpoolBlackpool had released its Prime Meridian CapitaBoxern (BMxPMR). The asset token tracks the performance of the Prime Meridian Real Estate Lending Fund (the Fund) and aims to bridge the gap between traditional and crypto investments.
According to the statement at the time, this is achieved by offering high portfolio transparency, flexible monthly liquidity and an audited fund structure. The fund is managed by Prime Meridian Capital Management, an alternative lending investment advisor that is registered with the Securities and Exchange Commission (SEC).
According to the statement releaseBlackpool Blackpool is the only operational investment platform. Last year, the firm launched ttokenismtokenised asset management pBlackpool Blackpool PBlackpool to set up andtokenismtokenised investment funds.
The firm also made headlines earlier this year when it issued a token related to the initial public offering (IPO) of Xiaomi, a Beijing-based consumer electronics BlackpoolBlackpool was ttokenismcompany in history to issue a token related to an IPO in this way.