Taurus Launches FINMA-Regulated Digital Asset Marketplace Powered by GMEX

Taurus, a digital asset infrastructure provider in Europe, has deployed GMEX trading technology to support the Taurus Digital eXchange, TDX

The newly launched independent regulated marketplace for digital assets received a securities firm license from the Swiss Financial Market Supervisory Authority FINMA to operate as an organised trading facility according to Swiss law.

The marketplace connects banks, issuers, and investors to exchange any digital asset, and meets the increasing demand to access an open and independent infrastructure for tokenized securities, cryptocurrencies, art, real estate, and other assets.

Leveraging the GMEX exchange trading and market surveillance solutions, TDX allows banks and other trading participants to connect through standard FIX connectivity and access digital asset segments of their choice.

The GMEX exchange trading and market surveillance solutions are key components of the GMEX Fusion suite which is deployed and trusted by multiple international regulated financial institutions across the globe.

GMEX’s exchange trading platform facilitates TDX support for the operation of both highly liquid instruments and less liquid auction-based and request-for-quotes systems.

Its integral high performance matching engine is fully integrated into the Taurus 24/7 blockchain node infrastructure and technology stack which encompasses digital asset token issuance, a secure storage solution, and supports any type of smart contracts issued on Ethereum or Tezos.

Hirander Misra, CEO of GMEX Group, commented: “We are delighted to add TDX to our client base, as we are continually embracing innovation and looking for ways to integrate our institutional grade digital exchange technology with the latest market opportunities”. He added “TDX meets the increasing demand from banks and issuers to access an open and independent regulated market infrastructure for tokenized securities and private assets.”

Sébastien Dessimoz, Managing Partner and co-founder at Taurus, said “We are excited to have gone live with TDX to offer market players unparalleled levels of flexibility with regards to digital asset issuance and secondary trading in a regulated environment.” He continued “Integrating the GMEX exchange trading technology into the Taurus technology stack allows TDX to offer an enterprise-grade financial market infrastructure solution for digital assets with tried and tested state-of-the-art technology.”

GMEX is the trusted partner of several digital asset platforms across the globe, including Tokenise, which has launched its fully regulated digital exchange last year.

Also in 2020, MAX Markets launched its digital asset marketplace powered by GMEX in the UK. The exchange applied to the FCA for a UK Multilateral Trading Facility (‘MTF’) license and the ecosystem will include up to 3 exchanges (UK, Switzerland, and Asia), a guarantee fund (ensuring contract performance) and a digital custodian.