GMEX Group wins Best Development of the Year in FinTech for Institutional Digital Asset Networks and Digital Custody

GMEX Group (‘GMEX’), is proud to announce that it has been awarded the Best Development of the Year in FinTech by Crypto AM.

LONDON, UNITED KINGDOM, Nov. 28, 2022 /EINPresswire.com/ — GMEX Group (‘GMEX’), a leader in digital business and technology solutions for capital markets, is proud to announce that it has been awarded Best Development in FinTech of the Year by Crypto AM for its GMEX Pyctor technology for institutional grade digital assets. These coveted awards are judged by an independent, expert panel of industry leaders. GMEX competed with other finalists including Revolut to win.

GMEX Pyctor (‘Pyctor’) was acquired earlier this year by GMEX after being successfully incubated in ING Neo’s innovation lab. It has been developed jointly with several blue-chip financial institutions (both asset managers and banks) and regulators. This leading fintech offers regulatory compliant digital asset networks and digital custody technology, and is designed for firms operating in regulated environments. It offers highly secure digital custody and transaction network services for a wide range of digital assets, as well as delivering interoperability between permissioned and public blockchains.

GMEX Group is in its tenth anniversary. While the business started in traditional finance, developing exchange matching engines, clearing, settlement and custody solutions, the firm was early to get involved in the digital asset space in 2017 with the subsequent launch of GMEX Fusion, a unique centralized and distributed ledger market. infrastructure package for stock exchanges and mail order operators. It now has multiple solutions as part of an overall technology structure, including the MultiHub ‘network of networks’ service, which interfaces with Pyctor, removing the need to integrate with multiple trading partners, trading venues and digital custodians. GMEX sits at that intersection and is a hybrid finance specialist that addresses the interoperability issues experienced in the market to bridge traditional and digital asset activities in line with current and evolving regulations.

Hirander Misra, CEO of GMEX Group said: “The current environment will lead to increased regulation and an institutional digital flight to quality, creating the need for an offering that makes it easier to navigate this with the right governance, control, security and risk management. ”

He continued, “GMEX Group is the first company to offer an end-to-end multi-asset, multi-sector Hybrid Finance solution designed for regulated environments, bridging off-chain Traditional Finance (TradFi), Centralized Finance ( CeFi) and decentralized on-chain finance (DeFi) across jurisdictions.We are pioneers in Hybrid Finance (HyFi) and are thrilled to be successful in developing unique solutions to address industry challenges formally recognized with this highly prestigious award. »

Media contacts
GMEX Group
Helen Disney
The implementation group
Tel.: +44 (0)7792 376 546
[email protected]
pr@gmex group.

Helen Disney
GMEX Group
send us an email here
Visit us on social media:
Twitter
LinkedIn