Digital payments provider WiPay, made in Trinidad but now headquartered in Jamaica, plans to finally make an Initial Tokenized Public Offering (IPO) on the Jamaica Stock Exchange’s Junior Market next year after a three-year delay.
Wipay had set an initial date of Q1 2020 to go public with a Tokenized IPO through Blockstation, but then the global pandemic hit. Now back on track, Wipay’s path to this IPO is expected to be cheaper, faster and simpler than a traditional legacy IPO.
This strategic move of a Tokenized IPO has become possible, as in 2019, the Jamaica Stock Exchange (JSE) announced the execution of a historic Master Agreement, led by its Managing Director, Marlene Street Forrest with Blockstation, a leading Canadian FinTech, becoming one of the first exchanges in the world to sign an agreement to enable direct trading of digital assets and security tokens in a regulated and secured environment.
Blockstation will provide one of the first end-to-end digital asset trading platforms for the exchange network, providing compliant listing, trading, clearing and settlement of digital assets and security tokens to the entire ecosystem of brokers, investors, depositors. , and regulators.
Six-year-old Caribbean fintech WiPay is in the market to solve ongoing problems Digital payments challenges in addition to unbanked and underbanked problems across the Caribbean.
The founder and CEO is Trinidadian Aldwyn Wayne, the Chairman of the Company is the former Deputy Governor of the Bank of Jamaica, Mr.
