GMEX and DPN launch regulated hybrid digital exchange ecosystem, SECDEX

GMEX and Digital Partners Network (DPN) together announce the launch of the Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX).
 

SECDEX is a fully regulated, multi-asset, hybrid (both traditional and digital) that delivers seamless trading, clearing and settlement and combines the market infrastructure strengths of GMEX, as a founding shareholder, with the professional services of DPN, as a co-founding shareholder.

The SECDEX Group consists of the Exchange, Central Counterparty (CCP) Clearing House and Central Securities Depository that have all received full regulatory licences from the Seychelles Financial Services Authority (FSA).

Following the granting of the licenses, the SECDEX management team are working on the first phase of the implementation project, which will be the Exchange launch; focusing on securities, debt, spot commodities, and crypto currencies and derivatives contracts in both traditional and digital tokenized form. The plan includes initial STOs to be primary listed by the end of Q1 and initial secondary trades to be executed by the end of Q2.

SECDEX utilises the proven GMEX Fusion hybrid centralised & block chain distributed ledger technology suite, which is deployed and trusted by multiple international regulated financial institutions around the globe. SECDEX has also received strong investment interest and is in the process of actively growing ownership by syndicating equity to strategic investors, in addition to expanding the management team.

 “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.” He added, “We expect to maintain a continuous and ever developing relationship, beneficial to the industry and the Seychelles as a whole, whilst ensuring the integrity and highest standard we have come to expect from SECDEX,” commented Dr Steve Fanny, CEO of the Seychelles Financial Services Authority