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.”