Capital markets startup Axiology and electronic money institution Blue EMI announce a new partnership to issue euro electronic money tokens and enable them to settle securities in the EU capital market.
In light of the recent entry into force of the EU legislation (regulations) on crypto-asset markets and the pilot for market infrastructures based on distributed ledger technology (DLT), a Memorandum of Understanding has been concluded. This allows for cooperation to fully exploit the new opportunities in the development of a tokenized securities trading and settlement system based on DLT. Once the necessary operating permits have been obtained, the Axiology platform will become the first place where Blue EMI’s e-money tokens will be used for securities settlements. Blue EMI will become a Crypto-Asset Markets Regulation-compliant entity, whose e-money tokens will be based on DLT, offering a variety of future uses for this type of money.
“Axiology is a new-generation financial market infrastructure built using cutting-edge technologies. Together with our partners, we will offer a suite of services that will help bring the EU capital market into the digital age. We are pleased to partner with Blue EMI to offer better processes to retail investors,” said Marius Jurgilas, CEO of Axiology.
“We believe that the Markets in Crypto-Assets Regulation (MiCA) will open up many interesting projects in the future – we are excited to be at the forefront of this transformational phase, especially in collaboration with Axiology. Axiology not only creates a great, valuable product, but also has an extremely strong team. Working together, we can leave a significant footprint in the field of digital finance,” said Vytenis Morkūnas, CEO of Blue EMI.
About Axiology:
Axiology is a Lithuanian capital markets startup developing a distributed ledger technology (DLT) securities trading and settlement system. The platform will integrate securities custody, trading, settlement and brokerage operations. Democratizing access to financial instruments, Axiology, which is currently seeking authorization, will operate using DLT technology solutions and the provisions of the pilot regime for DLT market infrastructures that entered into force in the EU last year.
About Blue EMI:
Blue EMI is a licensed electronic money institution providing payment services to businesses. It develops customized payment solutions, including know-your-customer (KYC) and know-your-business (KYB) processes, specifically tailored to crowdfunding compliance requirements. It offers simplified payment initiation and collection services for e-commerce businesses.