GMEX Group and Digital Assets Group (DAG) have formed a strategic alliance to exploit blockchain, distributed ledger and artificial intelligence technologies.
GMEX, a provider of services in financial markets, and the Digital Asset Group (DAG), a disruptive financial service provider have formed a Joint Venture (JV).
They claim it is the 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 AI technologies.
Together they will to work on a range of platforms, projects and initiatives to develop within the Capital Markets sector.
Sean Kiernan, co-founder and CEO of Digital Asset Group, is taking his expertise in traditional regulated banking and combining it with the DeepTech expertise of Dmitry Kaminskiy, the co-founder and CIO of DAG.
Through their shared expertise, and that of the overall DAG team, they said 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.
Kaminskiy said, “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.”
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.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
