Both the firms signed the partnership agreement for this deal in September 2019 and have now achieved the deal’s purpose to deliver a live digital exchange platform which support securities issuance and provides various services such as trading, surveillance, clearing, settlement and custody. These services are offered in an end to end solution package for issuers and investors thereby ensuring regulatory robustness and committing to stringent exchange-trading standards. As our readers may be familiar with, Tokenise Stock Exchange caters to clients from both London and Caribbean and is known for having been licensed in Barbados – a country which is highly friendly to digital securities. The firm has made great progress towards achieving its main goal of leading the way for next generation of capital markets and establishment of a new benchmark for digital assets by utilising blockchain technology via its recent product launches and partnership agreements. Aside from trading services, the exchange is also known for provides liquidity in a traditionally illiquid market by regularly removing any and all acknowledged inefficiencies and barriers thereby helping democratise the process of matching providers and consumers of risk capital.
Tokenise is currently working out a deal with the first set of issuers and investors for this newly launched joint venture. Tokenise Stock Exchange chose to partner with GMEX Group for the launch of its new full regulated digital exchange owing to unique set of advantages enjoyed by the firm and its clients. GMEX Group operates a total of four firms via which it provides innovative multi-asset exchange trading and post trade business solutions and technology ecosystems. The group constantly strives to facilitate creation and operation of cost effective digital exchange by creating an ecosystem made of its global footprint and huge partnership base. Here, exchanges and post trade business solutions providers constantly deliver centralised, decentralised & hybrid solutions in a collaborative fashion with an added benefit of global network of liquidity gained from its interconnection to its partner exchanges from developing and developed markets thereby achieving a cohesive business and technology ecosystem.
Commenting on launched of this new exchange, Mike Kessler – CEO & Founder of Tokenise Group said, “Tokenise have created our solution in response to the absence of regulated options for the buying and selling of digital securities globally. As a regulated securities market, we have integrated the best of technology, including cryptography, with a complete trading ecosystem to simplify access to new asset classes, for both issuers and investors. This, in turn, will increase the flow of funds and investment opportunities for market participants.”
Speaking on same note, Hirander Misra – CEO of GMEX Group added “Combining a regulated exchange with our award-winning technology and business expertise, has achieved a market leading milestone in going live with the next generation of stock exchange to facilitate mainstream investor access to digital assets.” He continued “I am very excited to join the Tokenise board representing GMEX alongside Martin Graham, who was formerly Director of Markets at the London Stock Exchange when I co-founded Chi-X Europe.”