The two new product will be part of the GMEX Fusion suite.
GMEX Technologies has announced the launch of two new products - ForumCustody and ForumWallet. With this, the company has extended its support to provide digital custodian services to high volume digital asset holders.
Both the products will be a part of the GMEX Fusion product suite which provides digitally enabled hybrid trading and post-trade solutions for exchanges, clearing-houses, and central securities depositories (CSD).
According to the firm, ForumCustody can be hosted and run independently from the associated trading system, with a direct Blockchain adaptor interface to the Ledger allowing connectivity between different nodes. It uses standard cryptocurrency wallets or interfaces with third-party wallet subsystems for receipt of incoming coins and transfers out to standard cryptocurrency wallets.
To make the system secure, ForumCustody manages internal balances and locks withdrawal requests until confirmed.
ForumWallet, on the other hand, is a digital vault solution for secure wallet management. It can be integrated with ForumCustody and deployed by an exchange or third-party custodian linking to their internal cryptocurrency and digital asset storage.
Targeting the Whales
With these solutions, GMEX is targeting institutional investors who are jumping on the crypto market.
Commenting on this development, Hirander Misra, CEO of GMEX Group and chairman of GMEX Technologies, said: “We are delighted to extend GMEX Fusion to provide the digital custodian product suite, which satisfies the growing demands for digitally enabled market infrastructure.”
Last year, GMEX Group announced the creation of a new venture undertaken in partnership with two companies – the ‘Mauritius International Derivatives and Commodities Exchange’ and Hybrid Stock Exchange Corporation Limited, an exchange platform on the NEM blockchain. It also tied up ThinkMarkets’ blockchain subsidiary ThinkCoin.
“This extension is part of the full GMEX Fusion hybrid exchange trading and post-trade product suite that addresses the increasing need for centralized and distributed technology to be implemented together,” Tony Harrop, CEO of GMEX Technologies, added.
GMEX Technologies has announced the launch of two new products - ForumCustody and ForumWallet. With this, the company has extended its support to provide digital custodian services to high volume digital asset holders.
Both the products will be a part of the GMEX Fusion product suite which provides digitally enabled hybrid trading and post-trade solutions for exchanges, clearing-houses, and central securities depositories (CSD).
According to the firm, ForumCustody can be hosted and run independently from the associated trading system, with a direct Blockchain adaptor interface to the Ledger allowing connectivity between different nodes. It uses standard cryptocurrency wallets or interfaces with third-party wallet subsystems for receipt of incoming coins and transfers out to standard cryptocurrency wallets.
To make the system secure, ForumCustody manages internal balances and locks withdrawal requests until confirmed.
ForumWallet, on the other hand, is a digital vault solution for secure wallet management. It can be integrated with ForumCustody and deployed by an exchange or third-party custodian linking to their internal cryptocurrency and digital asset storage.
Targeting the Whales
With these solutions, GMEX is targeting institutional investors who are jumping on the crypto market.
Commenting on this development, Hirander Misra, CEO of GMEX Group and chairman of GMEX Technologies, said: “We are delighted to extend GMEX Fusion to provide the digital custodian product suite, which satisfies the growing demands for digitally enabled market infrastructure.”
Last year, GMEX Group announced the creation of a new venture undertaken in partnership with two companies – the ‘Mauritius International Derivatives and Commodities Exchange’ and Hybrid Stock Exchange Corporation Limited, an exchange platform on the NEM blockchain. It also tied up ThinkMarkets’ blockchain subsidiary ThinkCoin.
“This extension is part of the full GMEX Fusion hybrid exchange trading and post-trade product suite that addresses the increasing need for centralized and distributed technology to be implemented together,” Tony Harrop, CEO of GMEX Technologies, added.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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