GMEX Technologies, a subsidiary of GMEX Group, a leader in digital business and technology solutions for exchanges,  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.

GMEX Technologies, a subsidiary of @GMEX_Group, announces that @TaurusGroup_ch has adopted GMEX trading technology to support the Taurus Digital eXchange, its newly launched independent regulated marketplace for digital assets.https://t.co/C18k8KfzsP#digitalassets #exchange

— GMEX (@GMEX_Group) May 20, 2021

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.”

Source: GMEX