Internet Computer Protocol introduced to Egyptian stock exchange and Financial regulatory authority

General
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The Internet Computer Protocol took center stage this week at Cairo Blockchain Week at Cairo’s Citadel.

Starting with a panel led by Mercatura Forum lead devs on ICP @jumanaa and @nourAhmed123 @MercaturaDevs sharing their experience developing and mentoring devs on ICP.

This was followed by a high level meeting with both the financial regulatory authority and the Egyptian stock reviewing the recent regulations allowing for direct on chain RWA-Financial instrument issuance. MercX currently being developed on ICP by Mercatura Forum’s lab is set to allow for 24/7 capital markets trading, immediate settlement, borrowing and lending of a variety of digital regulated assets. The sessions with regulatory and EGX were organized by Mercatura Forum’s management where they explained our vision to create multiple decentralized tools on ICP to cater to Egypt’s capital markets needs.

Our lead devs will during the next month share with you all the completed parts of the platform for the stock exchange which allows for swaps(already on mainnet) and liquidity pools(coming on January).

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It’s not government led, it’s set to be regulated and licensed to allow to regulated investment products on chain(insurance, securities, stock, bonds etc). The government is recently launched regulations to encourage on chain investments and this is one of the first outcomes.

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