INGOT Coin and GMEX Join Hands to Develop Multi-Asset Platform

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term firm INGOT Coin has announced its recently signed partnership deal with the post-trade solution provider GMEX Technologies. The move was taken with the aim to jointly build INGOT Coin’s blockchain-based “all-inclusive ecosystem.”

In the development process, London-based GMEX will be responsible for providing support with its Fusion platform, which combines GMEX’s centralized trading systems with blockchain technology.

Commenting on this partnership, INGOT Coin’s founder, Iman Mutalq, 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.”

“We believe in our partners, especially GMEX, and know that they will deliver the best of both innovation and technical development. Our partnership with GMEX has just started and is by no means limited to the development of INGOT Coin, we are actually joining our forces to change the future of Blockchain and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term,” she added.

One platform for all

INGOT is planning to include multiple asset class - equities, debt, FX, derivatives, commodities, cryptocurrencies and digital assets - in its new platform with both centralized and blockchain-based services. Moreover, to facilitate secure custody services for the vulnerable crypto assets, the platform will provide a wallet service along with real-time settlement management facility.

“The INGOT Coin ecosystem is the first of its kind combining networks through collaboration,” Hirander Misra, Chairman and CEO of GMEX Group said.

Similar deals

GMEX, earlier this month, has also entered into a similar partnership with ThinkCoin. Moreover, in January, it partnered with Colt Technologies to expand the global reach of its Exchange-in-a-Box through the Colt PrizmNet financial extranet.

“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 centralized solutions and services,” Misra added.