GMEX MultiHub launches Digital MultiHub for traditional and digital asset markets
17 November 2021 UK
Image: SITTIPONG
GMEX MultiHub (GMEX), a new business unit of the GMEX Group, has launched Digital MultiHub (MultiHub), a global cloud-enabled trading and post-trade digital market infrastructure platform which facilitates third-party trading and post-trade services across traditional and digital asset markets.
MultiHub is designed to address platform interoperability and time to market challenges as well as addressing the lack of standards still apparent across multiple blockchains and traditional infrastructure.
Delivered through a Platform-as-a-Service, microservices distribution model, MultiHub enables capital markets participants to gain access to regulated digital assets and market infrastructure.
MultiHub provides global access to turnkey digital asset exchange, custody, and governance solutions.
The platform also facilitates credit allocation and checking, collateral management and margin trading, order routing, netting and settlement across multiple trading venues, custodians and participants.
To develop MultiHub, GMEX worked with AWS and with Luxoft as a development partner, to implement and deploy the MultiHub platform powered by AWS Cloud and core ledger technology.
Other initial partners and customers include: Trustology, a UK Financial Conduct Authority registered digital asset custodian, GCEX, a regulated UK based traditional and digital assets broker, SECDEX Group, a Seychelles licensed securities exchange, and Arabian Bourse, an Abu Dhabi Global Market based crypto asset exchange and custodian.
Hirander Misra, group CEO of GMEX, comments: “MultiHub is a unique multi-asset network of networks service that enables cross-venue, cross-participant trading, clearing and settlement of both traditional and digital assets with a single point of connectivity for both industries, which negates the need to integrate across venues.”
Alex Batlin, founder and CEO of Trustology, says: “The GMEX MultiHub will drive digital transformation within the space and at the same time allows for accelerated execution and custody for institutional players as they get into or scale their digital assets activity.”
MultiHub is designed to address platform interoperability and time to market challenges as well as addressing the lack of standards still apparent across multiple blockchains and traditional infrastructure.
Delivered through a Platform-as-a-Service, microservices distribution model, MultiHub enables capital markets participants to gain access to regulated digital assets and market infrastructure.
MultiHub provides global access to turnkey digital asset exchange, custody, and governance solutions.
The platform also facilitates credit allocation and checking, collateral management and margin trading, order routing, netting and settlement across multiple trading venues, custodians and participants.
To develop MultiHub, GMEX worked with AWS and with Luxoft as a development partner, to implement and deploy the MultiHub platform powered by AWS Cloud and core ledger technology.
Other initial partners and customers include: Trustology, a UK Financial Conduct Authority registered digital asset custodian, GCEX, a regulated UK based traditional and digital assets broker, SECDEX Group, a Seychelles licensed securities exchange, and Arabian Bourse, an Abu Dhabi Global Market based crypto asset exchange and custodian.
Hirander Misra, group CEO of GMEX, comments: “MultiHub is a unique multi-asset network of networks service that enables cross-venue, cross-participant trading, clearing and settlement of both traditional and digital assets with a single point of connectivity for both industries, which negates the need to integrate across venues.”
Alex Batlin, founder and CEO of Trustology, says: “The GMEX MultiHub will drive digital transformation within the space and at the same time allows for accelerated execution and custody for institutional players as they get into or scale their digital assets activity.”
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