IBMR launches Algorand-powered ‘microequity’ exchange for financial inclusivity

The International Blockchain Monetary Reserve (IBMR), a microfinance economic development agency, today launched what it claimed to be the world’s first “microequity” exchange – MESE.io. According to a press release sent to AMBCrypto, the platform, which runs on the Algorand blockchain protocol and ChainUP’s cloud exchange technology, will allow users to trade global tech stocks through a digital tokenization model.

This would mean that shares of traditional equity will be divided into individual 1/10,000 microequity tokens of representative value. 

The agency hopes to create a “microfinance” equity market through this model, in an effort to further market stability while also bringing about “financial inclusivity to developing and emerging markets.” In fact, according to the Managing Director of IBMR, Sinjin David Jung, this move isn’t meant to fractionalize the current system. Instead, it will help create newer financial opportunities at emerging market levels. 

Further, users will be able to trade and hold the MESE.io microequity, decentralized token, on or off the platform. In fact, these tokens will be traded with their own unique price points. Jung went on to claim that this would benefit emerging market holders, in particular, as a “uniquely priced” microequity can allow users direct access to a “de-risked long-term asset.” This would also mean that it would act as a hedge against financial instability. 

“We are aiming to advance microfinance by moving beyond microloans into microequity that can create wealth regardless of socioeconomic standing. Blockchain technologies allow for this by removing much of the overhead of financial administrative and infrastructure costs that prevent value from being accumulated at the microfinance level.”

MESE.io will open its trading with technology stocks such as the MATTANG group which includes Microsoft, Apple, Tesla, Twitter, Amazon, Netflix and Google. Interestingly, MESE.io will be made available for users in non-US jurisdictions since its focus is on developing markets across the globe.  

The present development is just the latest for Algorand, one of the industry’s more popular blockchain protocols. In fact, just a few weeks ago, Centre Consortium made Algorand one of two official blockchain for USDC. Before that, Algorand was chosen to power the world’s first, national digital currency for the Marshall Islands.