Security Token Exchange Operator MDX Names New CEO

Johan Ditz Lemche, a Danish national who has lived in Malta for the past few years and has held several board positions within the local financial space, was appointed CEO of the Malta Digital Exchange (MDX – not to be confused with the Mandala’s MDX token), according to a press release seen by Cryptovest. John is a committee member of the Financial Markets Association Malta (FMAM) and has contributed with educational materials promoting best practices in the financial markets. Lemche will rely on his previous experience working as a hedge fund manager, market strategist and analyst to help MDX achieve its targets.

At the end of September, we reported that MDX was planning to launch a security token exchange aimed at institutional investors. The upcoming platform would leverage the technology provided by Paritech, an Australian firm that provides stock market brokerage systems. MDX is now looking to get a license from the Malta Financial Services Authority. The team has picked Malta as the ideal place for its security exchange product due to the blockchain-friendly environment and favorable legal framework. Recently, we told you that Malta became the first country in the world to pass crypto and blockchain-friendly bills into law. 

Johan will be responsible for heading MDX to achieve its goals according to the roadmap. He will work with the Maltese regulators to get licenses for Virtual Financial Asset (VFA) Exchange and Multilateral Trading Facility (MTF) operations. He will start exercising his position in the early weeks of November.

The new CEO commented:

“I’m looking forward to the challenge of stepping into the CEO position at MDX and am honoured by the trust that has been invested in me by the board. We have the right team and our vision is to become the world’s premier securities token exchange, which will enable greater market efficiency, accessibility, liquidity and transparency within the capital markets. Malta’s new regulation sets the framework and now it’s up to us to execute.”

Rick Klink, who has been CEO for the past few weeks, will be named Executive Chairman and will continue to support MDX’s expansion.

MDX is working to develop a platform to trade security tokens, which the experts say might transform the capital markets by ensuring higher liquidity, convenience, transparency, and security.