Goes live with fully-regulated digital exchange enabled by innovative technology
London, Barbados 2nd June 2020: Tokenise Stock Exchange (Tokenise), a global fully-regulated digital securities exchange, and GMEX Technologies Ltd (GMEX), a wholly owned subsidiary of GMEX Group providing multi-asset digital and conventional exchange and post-trade business and technology solutions, are pleased to announce their latest collaboration. Responding to the gap in the market for a well developed regulated exchange leading the way in delivering capital raises through the offering of tokenised securities, by enabling issuers to tokenise their equity, debt and income streams and raise capital in a safe and transparent environment.
The partnership, established in September 2019, has now delivered a live digital exchange platform to support securities issuance, trading, surveillance, clearing, settlement and custody. The end to end solution for issuers and investors ensures regulatory robustness and adherence to exacting exchange-trading standards.
While operating out of London and the Caribbean, Tokenise is licensed in Barbados – a regulatory friendly jurisdiction when it comes to digital securities. The exchange aims to lead the way for the next generation of capital markets and to establish a new benchmark for digital assets by utilising blockchain technology. Tokenise facilitates liquidity in a traditionally illiquid market, by removing acknowledged inefficiencies and barriers to participation to democratise the process of matching providers and consumers of risk capital.
Mike Kessler, Tokenise Group CEO & Founder said, “Tokenise have created our solution in response to the absence of regulated options for the buying and selling of digital securities globally.” He continued “ As a regulated securities market we have integrated the best of technology, including cryptography, with a complete trading ecosystem to simplify access to new asset classes, for both issuers and investors. This, in turn, will increase the flow of funds and investment opportunities for market participants.”
Tokenise uses the proven GMEX Fusion hybrid centralised & blockchain distributed ledger technology suite, which is deployed and trusted by multiple international regulated financial institutions around the globe. Along with providing the key digital technology, GMEX Group has taken a minority equity stake in Tokenise and GMEX Group CEO, Hirander Misra, has joined the board as Group Director alongside Group Chairman, Martin Graham.
Hirander Misra, CEO of GMEX Group, commented “Combining a regulated exchange with our award-winning technology and business expertise, has achieved a market leading milestone in going live with the next generation of stock exchange to facilitate mainstream investor access to digital assets.” He continued “I am very excited to join the Tokenise board representing GMEX alongside Martin Graham, who was formerly Director of Markets at the London Stock Exchange when I co-founded Chi-X Europe.”
Tokenise is currently in conversation with the first set of issuers and investors.
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.
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.
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.
GMEX Group is comprised of four main businesses:
- GMEX Technologies is a provider of multi-asset traditional and digital exchange trading and post trade technology through a unique partnership driven approach
- GMEX Fusion – Hybrid centralised & Blockchain Distributed Ledger solutions for trading & post-trade
- GMEX Innovation conducts R&D of technologically advanced new product solutions for exchange trading, clearing and settlement including hybrid and DLT Blockchain solutions delivered by GMEX Technologies as GMEX Fusion
- GMEX Services provides strategic consultancy, implementing services & support for exchanges and market infrastructure providers across asset classes including digital tokenised assets
- GMEX Investments makes selective seed and early stage strategic equity and token investments into market infrastructure and related FinTech companies
Tokenise has been established to create a full end-to-end service, from issuance of tokenised securities, trading and brokerage services to settlement and depository. Tokenise Stock Exchange is a fully regulated entity established in Barbados and authorised by the FSC to launch its digital stock exchange. This will democratise the securities industry by tokenising assets that have previously been inaccessible, illiquid or unavailable to a global community of investors and issuers. It will set the global standard for security token issuances, and operate the world’s first dedicated, multi-jurisdictional global single order book. Our broker at Tokenise.io is now taking registration on the platform in readiness for our full launch.
“Tokenisation of securities and other real-world assets will transform the accessibility and efficiency of capital markets. Removing inefficiencies, friction and barriers to participation will democratise the process of matching providers and consumers of risk capital. This in turn will increase the flow of funds and investment opportunities for market participants”. Martin Graham – Group Chairman.