Place/Date: EBENE, REPUBLIC OF MAURITIUS - February 23rd, 2019 at 12:47 pm UTC · 6 min read
Contact: Mast, Source: Mast
Mauritius, London 21 February 2019. Following the recent joint venture launch in Mauritius between three visionary companies in October 2018, newly created HYBSE Marketplace Limited (HM) brings to centre stage a worlds first digital multi-asset stable token “MAST”.
With fast growing global interest in collateralised tokens leads to the advent of new regulations in Mauritius to enable digital marketplaces and digital custodians, HM is providing investors, interested in developing a portfolio of digital assets, access to primary listed and secondary tradable asset backed tokens that will support this innovative trading ecosystem grow.
The first instrument to be issued will be the MAST products, full multi-asset backed tokens which will provide investors with a diversity of managed risk, as each asset class is underpinned by an integrated framework of strategic portfolios. Initially, MAST will be composed of ownership interest in the founding companies; HM, GMEX, MINDEX, fully gold backed DIM Currencies and stable gold coins. Three different categories of the MAST packages have been designed and enable investors to adapt their portfolio according to individual risk appetite.
HYBSE Marketplace incorporates the latest technological advancements for the financial sector with three core elements:
Hirander Misra, Chairman of HYBSE Marketplace, GMEX and MINDEX, says:
“With the GMEX Market Advancement Programme (MAP) we are keen to find ways to work with partners to bring innovative solutions to the market. Asset Tokens, which are fully backed, brought to the market on a regulated exchange and stored in a regulated digital custodian bring a level of regulation and oversight not previously available for institutional investor needs.”
“We are delighted to be launching MAST on the HYBSE Marketplace in Mauritius, as we strongly support the enabling regulatory framework which is being established in the country for digital marketplaces and digital custodians. We are convinced that this new framework will put Mauritius firmly on the global map as the natural home for innovative technologies in the digital assets space.”
The official MAST ATO will commence on Thursday 21 February 2019. Secondary trading is expected to begin on the HYBSE on Q2 2019. The ATO will be available for investment by sophisticated and expert investors.
Accredited participants who are interested in obtaining a stake in this revolution, can follow this link.
A detailed and comprehensive breakdown of the above can be found within the MAST Blueprint, found on the MAST website.
It is the responsibility of investors that want to purchase or hold the tokens described in this offering to research and inform themselves on all applicable laws and regulations of any relevant jurisdiction. This includes tax consequences with respect to purchasing, holding or selling these Multi Asset Stable Tokens (MAST) Tokens. Our company is not offering any legal, financial or business advice. In case of any doubts or questions, please contact us.
Investors must comply with all laws and regulations concerning know-your-customer, Anti-Money Laundering and Anti- Terrorism financing that may apply to them. Investors must obtain any permissions, approvals or licenses needed in order to purchase, hold or sell any MAST tokens under the laws and regulations to which they are subject or in each jurisdiction in which they may purchase, hold or sell MAST Tokens. We never sell to sanctioned countries.
The MINDEX ecosystem comprises of:
GMEX Group (GMEX) comprises a set of companies that offer leading-edge innovative solutions for a new era of global financial markets, providing business expertise, the latest technology, connectivity, and operational excellence delivered through an aligned partnership driven approach. GMEX uses extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries, and warehouse receipt platforms. GMEX also offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity. GMEX Technologies is a wholly owned subsidiary of GMEX Group.
The Hybrid Stock Exchange (HYBSE) is an online blockchain based exchange platform. It permits the buying and selling of cryptonized-equity in the new era of cryptocurrencies. The use of blockchain technology allows participants to cut out many of the intermediaries that are associated with traditional exchanges. While traditional exchanges serve participants from specific geographical locations, the HYBSE is open to all participants globally.
The DIM Foundation is a non-profit organization that is responsible for the marketing, public relations, customer care and oversight of the DIM brands (DIMCOIN, DIM Currencies, DIM Cryptocurrencies and future DIM denominated coins). DIM X is a cryptocurrency converting platform. The DIM Foundation is registered in Singapore.
The regional DIM Foundation will be responsible for:
For more information, visit our website.
Disclaimer: Mauritius as a jurisdiction recognizes Digital Assets as an asset class for investment by Sophisticated and Expert investors. We strongly recommend investors to seek out independent financial and legal advice before engaging in any sought of business endeavour. Investors should fully ascertain the risks prior to committing any funds for investments.