INGOT Coin and GMEX start blockchain ecosystem 11 June 2018Tallinn Reporter: Jenna Lomax
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INGOT Coin has partnered with GMEX Group (GMEX) to start INGOT coin’s blockchain-based all-inclusive ecosystem.
GMEX will provide Fusion, its centralised and blockchain-based global exchange trading platform with INGOT Coin to develop a full, and first of its kind, ecosystem in multiple asset classes including equities, debt, derivatives, commodities, cryptocurrencies and digital assets.
The ecosystem includes 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, such as securities and will provide an exchange with real-time clearing to allow margin trading without a central counterparty.
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.
A demonstrable minimum viable product (MVP) of the INGOT Coin ecosystem will be soon available for the community to access.
Iman Mutalq, founder of INGOT Coin, said: “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.”
She added: “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.”
Hirander Misra, chairman and CEO of GMEX Group, commented: “The INGOT Coin ecosystem is the first of its kind combining networks through collaboration.”
He added: “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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