The Poseidon Foundation Domiciles in Malta

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The Poseidon Foundation joins a growing community of blockchain companies in Malta

Malta, Wednesday 25th April 2018: The Poseidon Foundation (“Poseidon”) is pleased to announce that it has officially domiciled in Malta, joining the growing number of blockchain organisations settling in the country. Poseidon is a non-profit that uses blockchain technology to empower governments, companies and individuals to address their carbon footprint through every day purchases.

Poseidon has chosen to domicile in Malta as it is fast becoming a global trailblazer in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies. Malta is developing a digital innovation authority, called the Malta Digital Technology (Arrangements and Services) Authority, and a legal framework for initial coin offerings (ICOs). Its mission is to support innovation and new technologies for financial services whilst ensuring effective investor protection, financial market integrity and financial stability.

Part of the Authority’s remit is to promote government policies that favour the development of Malta as a digital technology hub, including the adoption of this technology in the public sector to drive the recognition of Malta as a blockchain leader. As well as choosing to domicile in Malta, Poseidon is delighted to be working with the Maltese government to explore the possibilities to scope out a pilot programme on the Poseidon platform to support the government’s climate and economic development goals.

Laszlo Giricz, Founder of Poseidon, said “We are very excited to be part of Malta’s growing blockchain community and commend the government on the regulatory framework they have established. We are delighted the Maltese Government is exploring the possibilities with us to pilot the Poseidon platform, one of a number of pilots we are undertaking to demonstrate the tangible application of our technology, the demand for our tokens, and the difference this can make in the fight against climate change.”

Junior Minister for Financial Services, Digital Economy & Innovation within the Office of the Prime Minister of Malta, Silvio Schembri, said, “The Maltese government is a global forerunner in regulating the operation of companies that work with digital technologies such as blockchain. We are thrilled to be working with Poseidon whose values firmly align with our own to truly address climate change meaningfully, through supporting projects that protect our planet.”