GMEX Group wins Best Development of the Year in FinTech for Institutional Digital Assets Network and Digital Custody Technology – Pyctor

London – 28 November 2022 – GMEX Group (‘GMEX’), a leader in digital business and capital markets technology solutions, is proud to announce that it has been awarded FinTech Development of the Year by Crypto AM for its GMEX Pyctor technology for institutional 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 regulations and an institutional digital flight to quality, creating a need for an offer that makes it easier to navigate this with the right management, 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.

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Helen Disney

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About GMEX Group

GMEX is a global market infrastructure provider offering multi-asset trading, exchange matching engine and post-trade business solutions, and Ecosystem-as-a-Service (EsaAS) technology.

These include GMEX MultiHub, which is a cloud-based trade and post-trade platform for digital market infrastructure that, as a “multi-asset network”, enables first-of-its-kind collaboration across major institutions, regulatory regimes and start-ups with the goal of bringing digital assets to a wider audience; and Pyctor, a highly secure digital custody solution and blockchain settlement network.

For more information visit www.gmex-group.com or Twitter @GMEX_Gruppe

For more digital assets and fintech related events, register your interest in attending our full-day Digital Transformation workshop we are organizing in partnership with the Association of Futures Markets (AFM) in Dubai on 26 January 2023.

Register here:

On another note, GMEX Group has also been nominated for two prestigious A-Team Insight, from A-Team Group awards for Best Digital Assets Trading Platform (category 15) and Best Exchange Matching Engine (category 16).

Vote for us here:

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