05.31.2018

Digital Asset And GMEX Form Alliance

A new partnership between GMEX Group (GMEX), an established provider of services in financial markets, and the Digital Asset Group (DAG), one of the most disruptive financial service providers in the digital space, shows that the digital world is rapidly coming of age. The Joint Venture (JV) will be the first fully-integrated financial group servicing this emerging sector; bringing together the practices of regulated banking, finance and exchanges with emerging innovation and a digital world enabled by Blockchain, Distributed Ledger and Artificial Intelligence technologies.

DAG, which aims to be the premier trusted digital and crypto economy platform connecting traditional financial services with emerging digital assets, and GMEX, a global provider of multi-asset exchange trading and post-trade business solutions and technology; today have entered into a JV to work on a range of platforms, projects and initiatives to develop within the Capital Markets sector. This partnership shows how the bridge between traditional finance and digital assets is going to be built.

Sean Kiernan, co-founder and CEO of Digital Asset Group and until recently a senior manager in London’s burgeoning wealth management sector, is taking his expertise in traditional regulated banking and combining it with the DeepTech expertise of Dmitry Kaminskiy, the co-founder and Chief Innovation Officer of DAG, an innovative entrepreneur and investor active in the fields of FinTech, Longevity, and Artificial Intelligence. Through their shared expertise, and that of the overall DAG team, they will provide traditional banking services and solutions for digital asset businesses and will facilitate entry into the emerging Blockchain and Crypto economy for existing regulated financial services firms.

GMEX, with extensive expertise in the sector, has developed and delivered GMEX Fusion, a unique integrated centralised and distributed solution set combining the established GMEX technology – which is currently live in multiple exchanges and post-trade venues – with the latest Blockchain technology.

Sean Kiernan commented, “The Digital Asset Group is delighted to be forming a strategic alliance with GMEX who have an impeccable track record in building traditional and crypto exchanges and delivering innovative and forward-thinking solutions with an emphasis on quality and robustness.” He added, “We hope that all of this, combined with DAG’s expertise, will give our clients and partners the utmost confidence that we can offer the most compelling products and solutions for bridging traditional financial services with the digital asset space.”

“We consider this partnership as a leading example of the synergetic convergence of the most advanced technology tools being applied to the intersection of the traditional financial sphere and crypto economy, and we are making serious bets that this will deliver the most sophisticated and efficient solutions on the market by utilizing the most advanced IT-solutions steered by a diverse and experienced team on the very forefront of FinTech, RegTech, LegalTech and InvestTech” said Dmitry Kaminskiy, Co-Founder and CIO of DAG.

Hirander Misra, Chairman and CEO of GMEX Group, who has been appointed to the DAG Advisory Board as part of the JV, commented, “The GMEX team and I are thrilled to be working with the DAG team who have a huge pedigree of successful ventures in the Financial Services, FinTech and wider technology space.” He continued, “This JV aligns their 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.”

The collaboration will be structured around a number of strategic areas including the delivery of Exchange initiatives with associated post-trade services including digital registry; Blockchain clearing house; decentralised depository and custody; Digital and Crypto Banking; Crypto Fund Management and emerging technology incubation.

Source: GMEX

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