Leading blockchain company Skrumble Technologies announces the launch of the first regulated security token trading exchange at Hong Kong Blockchain Week.
HONG KONG, CHINA – March 6, 2019 – Global Asset Exchange (GAX) is an institutional-grade trading exchange for buying and selling regulated securities (STOs) from around the world. Today, at Hong Kong Blockchain Week hosted by Nexchange Group, Skrumble Technologies President & Co-Founder Eric Lifson announced contract to build GAX. GAX will host and securely facilitate the trading of verified tokenized assets, beginning a new era of corporate finance with greatly improved accountability to individual shareholders and fewer brokers or intermediaries.
With the growing popularity of blockchain technology and cryptocurrencies since the launch of Bitcoin in 2008, the concept of highly divisible, globally-traded digital assets and its benefits have begun disrupting traditional institutions.
According to blockchain expert and Securitize Founder & CEO Carlos Domingo, “It’s inevitable that security tokens will transform equity just as Bitcoin has transformed currency, because they afford the owner a direct, liquid, economic interest and the expedited delivery of proceeds. Every type of ownership can be tokenized, which is a massive multi-trillion-dollar addressable market.”
Focused on building a truly global exchange catered to the underserved in the trading of securities, GAX aims to list projects on a global platform that have operations in various regions from around the world and give investors (traditional and retail) access to a more diversified portfolio of assets.
“Hong Kong ranked first globally for IPOs in 2018 and raised over USD $36 billion, we expect Hong Kong will also have very significant role to play in the future development of global security tokens or digitized securities market.” said Samson (SAM) Lee, Co-founder of BMI-Coinstreet Digital (“BC Digital”), founder and CEO of Coinstreet Partners, “Blockchain fintech is a global play, with a combination of over 20 years of traditional capital market experience and market leadership position in the blockchain eco-systems from our group, we are very excited to established strategic partnership with GAX. Together, we are now ready to offer a one-stop end-to-end solution to help world-wide enterprises to issue their STOs in a fully compliant way under the Hong Kong jurisdiction, and passporting to GAX for listing and trading in Mauritius.”
GAX will be regulated and fully compliant based out of Mauritius and is launching in 2019 GAX website is live for valid projects and companies to sign-up for the listing process. Moreover, the public can also pre-sign up for the whitelist to be the first to trade on the exchange. To learn more about this revolutionary exchange, visit www.gaxexchange.com.
About Skrumble Technologies
Skrumble Technologies is a leading blockchain technology company based out of Toronto, Canada. Founded in 2014, Skrumble’s mission is to service a globally connected world through tokenized assets with blockchain technology. Skrumble Network, launched in early 2018 by Skrumble, is a public blockchain for communication and financial transactions with no middle entities and centralized server hosts that can censor and manipulate data. Ally, the first dApp (decentralized application) built on the blockchain by Skrumble, is a communication and crypto transfer app that focuses on privacy and freedom of speech with over 150K users. With 40+ global patents and claims in areas including AI, big data, security, and blockchain, Skrumble is revolutionizing securities and bringing the benefits of blockchain mainstream. (More information – www.skrumble.com)
About BC Digital
BMI Coinstreet Digital Limited (“BC Digital”) is a joint venture between BM Intelligent (“BMI”) and Coinstreet Partners (“Coinstreet”), and BMI Group’s company. By combining their vast experience and best practices from traditional markets and blockchain fintech areas, BC Digital is poised to become a leading security token advisory and service firm. (More information – http://www.bcdigital.io.com)
BMI Group, founded in 1995 and fully regulated, is a leading financial services provider in the Asia Pacific Region, specializing in “ONE-STOP” tailor-made corporate consultancy services to listed companies which include corporate finance, professional valuation, corporate services, corporate communications & event management, professional translation, share registration, internal control and risk management, as well as pre-listing and post-listing regulatory requirements. BMI has assisted over 80 companies in their listings in Hong Kong and 200 companies in listings in Shanghai OTC board, and served over 800 listed enterprises from China, Hong Kong, Singapore, Taiwan, United States, Japan, Australia and Canada. (More information – http://www.bmintelligence.com/)
Coinstreet Partners (“Coinstreet”) is enabler of the next generation of “decentralized & fully integrated investment banks” and building the business eco-system for the new era of Token-Economy. Being a leading player in the Blockchain and Digital Asset areas, Coinstreet Partners currently operates in 6 business segments including Token Finance Consultancy; Digital Asset & Wealth Management; Marketing & Events; Digital Asset Tokenization and Exchange Platform; Investor Relations, PR & Media; and DLT Solutions. Coinstreet has serviced over 20 major blockchain/token projects including Gibraltar Stock Exchange, Gibraltar Blockchain Exchange, Global Asset Exchange, Spacebit Capital, Job.com, Kodakone, DarcMatter, QASH, RSK and Skrumble Network. (More information – http://www.coinstreet.partners)