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Digital assets news

Digital assets provider Taurus adopts GMEX’s trading tech


20 May 2021 Switzerland
Reporter: Maddie Saghir

Generic business image for news article
Image: emperorcosar/adobe.stock.com
Taurus, a digital asset infrastructure provider in Europe, has partnered up with GMEX Technology, a subsidiary of GMEX Group.

The partnership will see Taurus leverage GMEX trading technology to support the Taurus Digital eXchange (TDX), its newly launched independent regulated marketplace for digital assets.

GMEX’s exchange trading platform facilitates TDX support for the operation of both highly liquid instruments and less liquid auction-based and request-for-quotes systems.

It is fully integrated into the Taurus 24/7 blockchain node infrastructure and technology stack which includes digital asset token issuance, a secure storage solution, and supports any type of smart contracts issued on Ethereum or Tezos.

TDX utilises the GMEX exchange trading and market surveillance solutions, which is deployed and trusted by multiple international regulated financial institutions across the globe.

Banks and other trading participants can connect to TDX through standard FIX connectivity and access digital asset segments of their choice.

Sébastien Dessimoz, managing partner and co-founder at Taurus, states: “We are excited to have gone live with TDX to offer market players unparalleled levels of flexibility with regards to digital asset issuance and secondary trading in a regulated environment.”

He continues: “Integrating the GMEX exchange trading technology into the Taurus technology stack allows TDX to offer an enterprise grade financial market infrastructure solution for digital assets with tried and tested state-of-the-art technology.”

Hirander Misra, CEO of GMEX Group, comments “We are delighted to add TDX to our client base, as we are continually embracing innovation and looking for ways to integrate our institutional grade digital exchange technology with the latest market opportunities.”

Misra adds: “TDX meets the increasing demand from banks and issuers to access an open and independent regulated market infrastructure for tokenized securities and private assets.”

Taurus also very recently joined forces with banking software company Temenos to help banks bridge the gap between traditional investments and digital assets.
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