The new partnership between GMEX Group (GMEX) and the Digital Asset Group (DAG) has highlighted how the world is rapidly coming of age.
The joint venture marks the first fully integrated financial group that is servicing this emerging sector.
Digital Asset Group is not to be confused with Digital Asset, the DLT software company run by Blythe Masters.
The partnership is bringing together the practices of regulated banking, finance, and exchanges alongside emerging innovation and digital world enabled by blockchain, distributed ledger, and artificial intelligence technologies.
DAG aims to be the premier trusted digital and crypto economy platform, which connects traditional financial services with emerging digital assets and GMEX.
It also shows how the bridge between traditional finance and digital assets are going to be built. Sean Kiernan, co-founder and CEO of DAG, 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 the experience of the DAG team, they will provide traditional banking services and solutions for digital asset businesses.
Additionally, they will facilitate entry into the emerging blockchain and crypto economy for existing regulated financial services firms.
GMEX has developed and delivered GMEX Fusion, an integrated centralised and distributed solution set, which combines the established GMEX technology with the latest blockchain technology.
Kiernan commented: “The DAG 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.”
Expanding on this, he said: “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.”
Kaminskiy added: “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 utilising the most advanced IT-solutions steered by a diverse and experienced team on the very forefront of financial technology, regulatory technology, legal technology and invest technology.”
Hirander Misra, chairman and CEO of GMEX Group, said: “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.”
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