GMEX, a digital business and technology solutions for exchange and post-trade operators, and Digital Partners Network (DPN) has launched the Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX).
GMEX explained that the new exchange is a fully regulated, multi-asset, hybrid (both traditional and digital), that delivers seamless trading, clearing and settlement.
SECDEX will combine the market infrastructure strengths of GMEX, as a founding shareholder, with the professional services of DPN, as a co-founder shareholder.
DPN provides tailored professional services to meet the demands of disruptive businesses, which focus on automation, digitalisation, use of artificial intelligence and blockchain technology.
Meanwhile, GMEX noted that SECDEX also offers specialist legal, finance, compliance, corporate structuring services and investment opportunities through a tokenised digital fund.
In addition to the listing of traditional securities and derivatives, GMEX said that Security Token Offerings can now be undertaken in a regulated and trusted environment.
According to GMEX, the complete solution offers issuance, capital raising and full professional services support for the tokenisation process, including legal and valuations plus listing and secondary trading on SECDEX Exchange with associated post-trade settlement.
Steve Fanny, CEO of the Seychelles Financial Services Authority, commented: “The Financial Services Authority is pleased that SECDEX has chosen to establish itself in the Seychelles, whilst subjecting itself to the regulatory and supervision of the Financial Services Authority.”
Jessica Naga, partner of Digital Partners Network and director responsible for legal and compliance at SECDEX, said: “Receiving regulatory approval from the Financial Services Regulatory Authority of the Seychelles is important as SECDEX will be able to demonstrate a robust and trusted exchange and post-trade ecosystem.”
Naga continued: “This is aligned with key initiatives being undertaken by the G20 and other international organisations which are working to support digital asset activities to address market integrity, investor protection, anti-money laundering, counterparty risk and financial stability monitoring.”
Hirander Misra, chairperson of GMEX Group and SECDEX group chairperson, cited: “SECDEX is the first regulated market infrastructure in the world, which can exchange-list both traditional and digital asset classes including securities, security tokens, cryptocurrencies, derivatives and commodities on a single platform, with full professional services support, combined with seamless trading, clearing and settlement of these individual asset classes and swaps between them.”
