The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

GMEX and Digital Asset Group JV Bridges Traditional And Emerging Technologies

GMEX Group and Digital Asset Group (DAG) have created a joint venture designed to bring together the practices of regulated banking, finance and exchanges with emerging technologies including blockchain, distributed ledger and artificial intelligence.

The collaboration between DAG, provider of a crypto platform, and GMEX, provider of multi-asset exchange trading and post-trade solutions and technology, will be structured around a number of strategic areas. These include the delivery of exchange initiatives with associated post-trade services including digital registry; blockchain clearing houses; decentralised depository and custody; digital and crypto banking; crypto fund management; and emerging technology incubation.

Sean Kiernan, co-founder and CEO of DAG and until recently a senior manager in London’s wealth management sector, says: “GMEX has an impeccable track record in building traditional and crypto exchanges and delivering innovative and forward-thinking solutions with an emphasis on quality and robustness. This, combined with DAG’s expertise, will give our clients and partners confidence that we can offer the most compelling products and solutions for bridging traditional financial services and the digital asset space.”

Hirander Misra, chairman and CEO of GMEX, who has been appointed to the DAG advisory board as part of the joint venture, adds: “The DAG team has a pedigree of successful ventures in the financial services, fintech and wider technology space. This joint venture aligns its 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.”

Related content

WEBINAR

Recorded Webinar: The Data Challenge in Market Surveillance

This webinar has passed, but you can view the recording here. Since the start of the financial crisis, market surveillance has been a high priority issue across capital markets. Buy-side and sell-side firms have stepped up their game, and so, too, have regulators. The need for accurate, real-time surveillance will continue to escalate as market...

BLOG

Exegy and Vela Merge to Create Market Data and Execution Technology Powerhouse

Exegy, a provider of hardware accelerated solutions for market data and predictive analytics, and Vela, a market data and execution technology provider, have announced the merger of their business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over $7.5 billion of capital commitments under management. Commercial terms of the...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...