INGOT Coin has formed a Joint Venture Partnership with GMEX Group (GMEX), a provider of exchange and post-trade solutions to develop INGOT Coin’s blockchain-based all-inclusive ecosystem.
GMEX will provide Fusion, its hybrid centralised blockchain-based global exchange trading, market surveillance, post trade infrastructure and digital banking solution and work with INGOT Coin to develop an ecosystem in multiple asset classes including equities, debt, FX, derivatives, commodities, cryptocurrencies and digital assets.
The full Ecosystem includes a mixture of centralised and blockchain-enabled integrated services including digital wallet storage and real-time settlement management to facilitate secure custody of crypto assets. It will also include the ability to: tokenise traditional assets, eg securities; an Exchange with real-time clearing to allow margin trading without a CCP; digital banking with full cryptocurrency and fiat currency support; and brokerage house platforms.
Working with INGOT Brokers, an affiliate company of INGOT Coin under the same umbrella of INGOT Group, GMEX will develop the components of INGOT Coin and integrate them to deliver a cost and time efficient trading experience to all participants.
Iman Mutalq, Founder of INGOT Coin, says: “GMEX is an extremely vital partner for us here at INGOT Coin, as we believe they strive to keep up with the latest technological advancement and always provide turnkey solutions to business and firms in different industries.
“We believe in our partners, especially GMEX, and know that they will deliver the best of both innovation and technical development. Our partnership with GMEX has just started and is in no means limited to the development of INGOT Coin, we are actually joining our forces to change the future of Blockchain and Cryptocurrencies.”
A Minimum Viable Product (MVP) of the INGOT Coin ecosystem will soon be available for the community to access.
Hirander Misra (pictured), Chairman and CEO of GMEX Group, says: “The INGOT Coin ecosystem is the first of its kind combining networks through collaboration.
“INGOT Coin links the Crypto universe to the traditional financial industry covering the complete vertical and horizontal value chain from trading and broking, exchange execution, clearing, settlement, custody and digital banking enabled by a combination of Blockchain and centralised solutions and services.”
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