Blockchain Joint Venture Will Be Created By Gmex And Digital Asset Group

Gmex Group, a provider of trading and post-trading technologies, is establishing a joint venture with the upstart modern blockchain enterprise Digital Asset Group to bridge the gap between core finance and the growing DLT and crypto-economy.

A London-based firm,  has been created by the veteran of asset management sector Sean Kiernan with Dmitry Kaminsky, an entrepreneur and investor active in areas such as fintech and AI.

The startup sets itself an massive set of tasks, with plans to subsequently buy the Bank and turn it into a “crypto Bank”, buy a license exchange and add a cryptomodule, represent a crypto Funds and build a direct market investment platform.

Meantime it declares to be holding an “intense due diligence” on potential purchases in the UK and Europe, the Digital Asset Group is currently working on its joint venture with trading tech outfit Gmex.

The joint venture will be structured on a variety of strategic areas, consisting of exchange initiatives with pertinent and appropriate after-trade services, including a digital register system, a blockchain clearing center, and decentralized depository and storage.
Says Misra: “This JV aligns their [Digital Asset Group’s] objective with our ethos to connect traditional financial services with emerging digital assets and the wider crypto economy to provide the leading trusted platform by bringing together established regulated banking, fund management and exchange business models with emerging innovation and blockchain technology.”

 

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