Tallinn, Estonia & London, UK. June 11th 2018: INGOT Coin, pioneering the link between the Crypto universe and the current traditional financial industry, is pleased to announce a Joint Venture Partnership with GMEX Group (GMEX), a leading provider of exchange and post-trade solutions; and the start of INGOT Coin’s Blockchain based All-Inclusive-Ecosystem.
GMEX will provide Fusion, their hybrid centralized & Blockchain based global exchange trading, market surveillance, post trade infrastructure and digital banking solution and work with INGOT Coin to develop a full, and first of its kind, Ecosystem in multiple asset classes including equities, debt, FX, derivatives, commodities, cryptocurrencies and digital assets.
The full Ecosystem includes a mixture of centralized & Blockchain-enabled integrated services including digital wallet storage and real-time settlement management to facilitate secure custody of Crypto assets. It will also include the ability to tokenize traditional assets e.g. securities; an Exchange with real-time clearing to allow margin trading without a CCP; digital banking with full cryptocurrency and fiat currency support; and brokerage house platforms.
Working with INGOT Brokers, an affiliate company of INGOT Coin under the same umbrella of INGOT Group, GMEX will develop the components of INGOT Coin and integrate them to deliver a cost and time efficient trading experience to all participants.
Iman Mutalq, Founder of INGOT Coin, stated that “GMEX is an extremely vital partner for us here at INGOT Coin, as we believe they strive to keep up with the latest technological advancement and always provide turnkey solutions to business and firms in different industries.” She added that “We believe in our partners, especially GMEX, and know that they will deliver the best of both innovation and technical development. Our partnership with GMEX has just started and is in no means limited to the development of INGOT Coin, we are actually joining our forces to change the future of Blockchain and Cryptocurrencies.”
Capitalizing on the new partnership, both GMEX and INGOT Coin are continuing to grow their networks. A demonstrable Minimum Viable Product (MVP) of the INGOT Coin ecosystem will be soon available for the community to access.
Hirander Misra, Chairman and CEO of GMEX Group commented “The INGOT Coin ecosystem is the first of its kind combining networks through collaboration.” He added “INGOT Coin links the Crypto universe to the traditional financial industry covering the complete vertical and horizontal value chain from trading and broking, exchange execution, clearing, settlement, custody and digital banking enabled by a combination of Blockchain and centralized solutions and services.”
About INGOT Coin
INGOT Coin is the first of its kind, an all-inclusive ecosystem that will be the pioneer in linking the crypto universe to the current traditional financial industry
INGOT Coin aims to Create an unprecedented, a first-of-its-kind revolutionary ecosystem based on Blockchain technology that will link newly developed Crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs.
The IC Ecosystem will be based on the Blockchain technology and will utilize Smart Contracts to facilitate the execution of different contracts, while eradicating the need for intermediaries and external interferences that restrict investors from fully engaging in all markets. By adopting Blockchain, we are creating a specialized ecosystem that will substantially increase customers’ confidence, market liquidity and -most importantly- provide efficient market pricing and access to funds for all variety of stakeholders.
The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs.
For further information, journalists can contact:
Ahmed Khawanky, CMO
+962 77 9099 077
For GMEX Group
Melanie Budden, The Realization Group
+44 (0)7974 937 970
About GMEX Group
GMEX Group is a set of companies that offer sustainable and innovative solutions for a new era of global financial markets. Providing business expertise, the latest technology, connectivity & operational excellence delivered through an aligned partnership driven approach. We use our extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries and warehouse receipt platforms.
Our key business solutions enable the creation and operation of cost effective electronic exchanges and post trade infrastructure in multiple asset classes including equities, debt, FX, derivatives, commodities, cryptocurrencies and digital assets. We operate in both developing and developed markets through the establishment of cohesive business and technology ecosystems. GMEX offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity.
GMEX Group ensures a cohesive strategic direction is maintained and comprises of:
- GMEX Technologies: is a provider of multi-asset exchange trading and post trade technology through a unique partnership driven approach
- GMEX Innovation: conducts R&D of technologically advanced new product solutions for exchange trading, clearing and settlement
- GMEX Services: provides strategic consultancy, implementing services & support for exchanges and market infrastructure providers
- GMEX Investments: enables selective seed and early stage strategic investments into market infrastructure and related FinTech companies.