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

Blockchain firm INGOT Coin has announced its recently signed partnership deal with the post-trade solution provider GMEX Technologies. The move was taken with an aim to jointly build INGOT Coin’s blockchain-based “all-inclusive ecosystem.”

In the development process, London-based GMEX will be responsible to provide 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,” 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 in an effort 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.