The latter aims to establish and operate a 'multilateral trading facility' called the Malta Digital Exchange (MDX), which will be a secondary market exchange platform to allow the trading of securities in the form of security tokens.
MDX will be a multi-asset digital exchange, which focuses on virtual financial assets and security tokens.
Canamex is now exploring the possibility of listing its GOLDUSA Tokens and SILVERUSA Tokens on the MDX.
And today's MOU enables MDX to advise and collaborate with Canamex, with regard to the listing and the potential trading of the GOLDUSA Tokens and the SILVERUSA Tokens on the MDX platform.
The memorandum of understanding is non-binding, and will provide the cornerstone and structure for any and all possibly impending binding contracts between the parties, Canamex noted.
The cryptocurrency and blockchain sector saw exponential growth in 2017, the company added.
Now a push towards regulation will provide trust and a safe environment to transition into the global economy
The corporate vision of MDX is to be the world's premier security token exchange, based on the track record of Mr Rick Klink, the founder of MDX.
Klink has over 20 years' experience in the Fintech sector, and he is one of the founders of one of Australia's largest digital institutional grade brokerage platforms, with over 1.5 million clients and an annual trading turnover in excess of A$50 billion
Canamex shares are down around 11% in Toronto to $0.08.