Providing banks, issuers and investors trading access to regulated digital assets
London, Geneva 20th May 2021: GMEX Technologies (“GMEX”), a subsidiary of GMEX Group, a leader in digital business and technology solutions for exchanges, today announced that Taurus SA (“Taurus”), a leading digital asset infrastructure provider in Europe, has adopted GMEX trading technology to support the Taurus Digital eXchange (“TDX”), its newly launched independent regulated marketplace for digital assets.
Taurus received a securities firm license from the Swiss Financial Market Supervisory Authority FINMA to operate TDX, as an organised trading facility according to Swiss law. The marketplace connects banks, issuers and investors to exchange any digital asset, and meets the increasing demand to access an open and independent infrastructure for tokenised securities, cryptocurrencies, art, real-estate and other assets.
TDX utilises the GMEX exchange trading and market surveillance solutions, key components of the GMEX Fusion technology suite which is deployed and trusted by multiple international regulated financial institutions across the globe. Banks and other trading participants can connect to TDX through standard FIX connectivity and access digital asset segments of their choice.
GMEX’s exchange trading platform, with its integral high performance matching engine, facilitates TDX support for the operation of both highly liquid instruments and less liquid auction-based and request-for-quotes systems. It is fully integrated into the Taurus 24/7 blockchain node infrastructure and technology stack which encompasses digital asset token issuance, a secure storage solution, and supports any type of smart contracts issued on Ethereum or Tezos.
Hirander Misra, CEO of GMEX Group, commented “We are delighted to add TDX to our client base, as we are continually embracing innovation and looking for ways to integrate our institutional grade digital exchange technology with the latest market opportunities”. He added “TDX meets the increasing demand from banks and issuers to access an open and independent regulated market infrastructure for tokenized securities and private assets.”
Sébastien Dessimoz, Managing Partner and co-founder at Taurus, said “We are excited to have gone live with TDX to offer market players unparalleled levels of flexibility with regards to digital asset issuance and secondary trading in a regulated environment.” He continued “Integrating the GMEX exchange trading technology into the Taurus technology stack allows TDX to offer an enterprise grade financial market infrastructure solution for digital assets with tried and tested state-of-the-art technology.”
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The Realization Group
Tel: +44 (0)7974 937 970
Chief Marketing Officer, Taurus SA
Tel: +41 22 518 90 49
About GMEX Group
GMEX Group is a set of companies that offer leading edge innovative solutions for a new era of global financial markets by being a global provider of innovative multi-asset exchange trading and post trade business solutions and technology ecosystems.
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 tokenised assets.
The GMEX Market Advancement Programme (MAP) is all about partnerships and creating an ecosystem with exchanges and post trade market infrastructure operators to deliver centralised, decentralised & hybrid solutions in a collaborative fashion.
For more information visit www.gmex-group.com
or follow us on Twitter @GMEX_Group
About Taurus SA
Taurus SA was founded in April 2018 in Geneva, Switzerland, specialising in digital assets and blockchain. Taurus was founded by senior executives with a background in banking, regulatory, IT and cyber security. Taurus offers enterprise grade financial market infrastructure solutions for digital assets as well as other financial services to its clients. It is a leader in Europe and Switzerland. Taurus solutions are in production and entrusted with the full spectrum of banks: systemic banks, investment banks, private banks, retail/digital banks, crypto-banks, trading venues.