Blackmoon, 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 the licence and new operations in Malta, Blackmoon 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 the passporting arrangement.
Furthermore, the Blackmoon Financial Group, which shares the same management as Blackmoon, will also strengthen its regulatory stance later this year. This will be achieved by applying to be authorised as a Virtual Financial Assets (VFA) service provider. In addition, the company is also planning to obtain authorisation as a ‘Technology Arrangement’.
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The move to Malta follows the launch of Prime Meridian Capital token
Only last week, Finance Magnates reported that Blackmoon had released its Prime Meridian Capital token (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 released today, Blackmoon is the only operational investment platform. Last year, the firm launched the first tokenised asset management platform, Blackmoon Platform, to set up and operate tokenised 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 company. Blackmoon was the first company in history to issue a token related to an IPO in this way.