Options Exchange Company Miami International Signs LOI to Acquire Stake in MidChains
Posted on 12/15/2019
Miami International Holdings, Inc. (MIH) is the parent holding company of the MIAX Options, MIAX PEARL, and MIAX Emerald options exchanges. MidChains is a startup that has backing from the Mubadala Investment Company. MidChains is a digital asset trading exchange based in Abu Dhabi Global Market (ADGM). Miami International Holdings signed a letter of intent (LOI) to acquire an equity stake in MEEG Holdings Limited, the parent holding company of MidChains. As part of the agreement, the parties will pursue joint technology licensing and product listing opportunities internationally, including in the Middle East and Bermuda, subject to regulatory approval.
MidChains was formed in 2017 to take advantage of the cryptocurrency asset trading space.