GMEX releases trading and post-trade infrastructure platform Digital MultiHub

Among the partners and customers of the platform, GMEX has named Trustology, GCEX, SECDEX Group and Arabian Bourse.

GMEX Group CEO, Hirander Misra commented:

MultiHub is a unique multi-asset network of networks service that enables cross-venue, cross-participant trading, clearing and settlement of both traditional and digital assets with a single point of connectivity for both industries, which negates the need to integrate across venues. This complements our mission to cost-effectively drive the accelerated institutional take-up of digital assets by making it easier to trade, clear, settle and pledge them alongside traditional assets, heralding the new age of Exchange 4.0.

Anoop Nannra, Global Blockchain Lead at AWS, said:

The portability of digital assets has become an increasing challenge impacting trading and volumes.

GMEX MultiHub makes it easier for customers to access, trade and settle digital assets with a reduced carbon footprint, compared to trades that use the blockchain. This is because digital assets can be pledged by custodians without moving onto a blockchain. That alone means that the carbon created by the trade is far reduced when compared to trades that use the blockchain which is compute intensive.