According to a press release dated 10 July the company Palladium based in Malta with the bilateral partnership of Bittrex (19459003) ICCO .
Palladium, seeking to set up a crypto money exchange in Malta, is scheduled to begin on July 25 the first of which will be the world's first digital convertible money supply
The stock market, which will serve under full control in Malta's steadily growing crypto-friendly jurisdiction, will be established using 15% of the collected funds.
According to Palladium, the rest the amount is "to get a share to control in a European bank" and "to blockchain companies and financial services that complement the services of Palladium
The president and founder of the firm Paolo Catalfarno expressed the following statement:
"This project, which will generate 100 jobs, is a historic milestone and will be used with traditional financial services
The ICCO project leaves the tokens they hold in the holdings of investors at a later date – in the case of Palladium, three years after the sale – to convert them into company shares (convert name comes from here).
This development proved once more that Malta participated in the blockchain debate, the introduction of Prime Minister Joseph Muscat 's company in Malta Stock Exchange last week . Muscat had previously attracted interest in publicly welcoming Binance one of the world's largest crypto money exchanges in terms of trade volume, and pleased with their arrival in the country.
Muscat March 23, 2018 On the twitter he threw on the twin, he was openly welcome to Binance and praised the company and the company.
– Joseph Muscat (@JosephMuscat_JM) March 23, 2018
Source: Coin Telegraph