Tokenise Stock Exchange has partnered with GMEX Technologies to launch a regulated digital exchange.
Announced on Tuesday, the step was taken with the increased institutional demand for digital securities, or security tokens.
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The digital exchange will be based on GMEX Fusion hybrid centralized and blockchain distributed ledger technology suite.
Though the exchange is using decentralized technology, its primary focus in on the securities on the regulated markets, not digital currencies.
Commenting on the development, Mike Kessler, founder and CEO 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.”
Taping the key markets
Tokenise is operated from London and Caribbean and licensed in Barbados and while GMEX is a UK-based entity. This also gave the two companies an edge to introduce such products to a wider customer base.
Notably, the new exchange’s services will not be available to traders based out of the United States.
Tokenise is known for providing liquidity in the crypto market and GMEX Technologies which provides multi-asset digital and conventional exchange and post-trade business and technology.
“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,” Hirander Misra, CEO of GMEX Group, added.
GMEX also took a minority shareholding position on Tokenise and Misra joined its board.