MINDEX, GMEX Group and HYBSE join forces to launch the first blockchain securities exchange in Mauritius
Mauritius, London, 6th November 2018: We are happy to announce the launch of the HYBSE International Marketplace; a three way partnership between MINDEX Holdings Limited (MINDEX), GMEX Group Limited (GMEX) and Hybrid Stock Exchange Corporation Limited (HYBSE); that may convey to marketplace a modern blockchain exchange platform, founded in Mauritius.
MINDEX; an entire exchange, submit industry and bodily infrastructure, facilitating quite a few asset categories to be traded in Mauritius, supported through GMEX; an international chief in virtual trade and generation answers for exchange and submit industry operators, will spouse with HYBSE; an international on-line market in keeping with blockchain generation that is a part of the DIM-Ecosystem.
The HYBSE International Marketplace will combine blockchain answers and generation with conventional monetary industries offering an entire and ruled ecosystem that digitalizes property onto the blockchain. This partnership will for the first time, allow institutional traders get right of entry to to cryptocurrency ETF’s and different crypto-instruments.
The following asset categories will likely be facilitated for industry in a virtual tokenized layout:
- Cryptonized Shares
- Cryptonized Currencies
- ETC’s (Exchange-Traded Commodities)
- ETF’s (Exchange-Traded Funds)
- CETF’s (Crypto Exchange Traded Funds)
SMEs will likely be ready to use the HYBSE International Marketplace to search capital through launching an Initial Blockshare Offering (IBO); a time-limited be offering to acquire cryptonized-equities and different cryptonized-instruments, equivalent to blockshares, from companies registered on the HYBSE International Marketplace at particular discounted charges. This will supply alternatives for the unbanked (greater than 1.7 billion international) to take part in the record and buying and selling of shares.
The events have selected to arrange the HYBSE International Marketplace in Mauritius additional to the contemporary announcement that the Financial Services Commission (FSC), the native regulator, will create new licensable actions for the Custodian of Digital Assets and Digital Asset Marketplace and supply a regulated setting for the exchange and secure custody of virtual property. The regulator in Mauritius has additionally issued tips on funding in cryptocurrency as a virtual asset.
Hirander Misra, Chairman of MINDEX and CEO of GMEX Group commented: “I’m extremely joyful to announce this thrilling three way partnership, the place HYBSE will convey its huge area wisdom, securities to be tokenised and its blockchain-based virtual exchange generation and MINDEX, supported through GMEX, will supply scalable institutional grade virtual buying and selling platforms and trade and operational experience to arrange the new market.”
He added, “We welcome the new regulatory framework for digital assets in Mauritius and we are thrilled to be at the forefront of market development as one of the first ventures to set up under the new regime. We are firmly convinced that there is a massive opportunity for Mauritius to position itself as a major global hub in this dynamic space underpinned by strong governance and regulation to ensure trust”.
Daniel Liu of Hybrid Stock Exchange Corporation Limited (HYBSE) commented “The new venture between the three companies will bring about an exciting new development, not only for the crypto sphere, but global capital markets as a whole. As we embark on a journey to pave a previous uncharted way forward, this will inevitably create an ideal prospect to move the evolution of all financial systems, light-years ahead. We must also maintain a conscious belief of the power of this evolutionary step, as not to disrupt current global markets, but to rather bolster a new way of thinking that encompasses a decentralised and truly free market entity.”
HYBSE International Marketplace will follow for a Digital Marketplace license and operations are due to begin in Q1 2019 topic to regulatory approval.
Samantha Seewoosurrun, Acuitas Communications
(+230) 5772 4400
For GMEX Group:
Melanie Budden, The Realization Group
+44 (zero)7974 937 970
Uroš Trajković, Hybrid Stock Exchange Corporation Limited
+27 (zero) 87 701 0914
MINDEX Holdings Limited – The retaining corporate for the MINDEX ecosystem
MINDEX Clearing Limited – Will perform as the central counterparty (CCP) clearing space regulated through the Mauritius Financial Services Commission (FSC) to transparent all trades performed on MINDEX Limited.
MINDEX Limited – Will perform a multi-asset Derivatives Exchange regulated through the Mauritius Financial Services Commission (FSC).
MINDEX Spot Limited – The market for the digital buying and selling of standardised bodily and virtual spot commodity contracts for gold, valuable metals and different commodities.
MINDEX Vault Limited – The proposed secured garage depository resolution for gold and different valuable metals.
MINDEX Refinery Limited – The proposed international magnificence smelting, refining and restoration of gold and different valuable metals to the very best requirements.
For additional information, discuss with www.mindex.mu
Follow on Twitter @MindexHoldings
About GMEX Group
GMEX Group (GMEX) accommodates a collection of businesses that supply modern leading edge answers for a brand new technology of worldwide monetary markets, offering trade experience, the newest generation, connectivity, and operational excellence delivered via an aligned partnership pushed way. GMEX makes use of in depth marketplace infrastructure enjoy and experience to create a suitable strategic grasp plan with exchanges, clearing homes, depositories, registries, and warehouse receipt platforms. GMEX additionally provides the added good thing about interconnection to a couple of spouse exchanges, to create world networks of liquidity. GMEX Technologies is an entirely owned subsidiary of GMEX Group.
For additional information, discuss with www.gmex-group.com
Follow on Twitter @GMEX_Group
The Hybrid Stock Exchange (HYBSE) is an internet blockchain founded exchange platform. It allows the purchasing and promoting of cryptonized-equity in the new technology of cryptocurrencies. The use of blockchain generation lets in members to lower out a lot of the intermediaries which are related to conventional exchanges. While conventional exchanges serve members from particular geographical places, the HYBSE is open to all members globally.
For additional information, discuss with www.hybse.com
Follow on Twitter https://twitter.com/HYBSE
About the DIM Foundation
The DIM Foundation is a non-profit group this is accountable for the advertising and marketing, public family members, buyer care and oversight of the DIM manufacturers (DIMCOIN, DIM Currencies, DIM Cryptocurrencies and long run DIM denominated cash). DIM X is a cryptocurrency changing platform. The DIM Foundation is registered in Singapore.
The DIM-Ecosystem is a blockchain-based monetary ecosystem. It comprises DIM Currencies, an providing of quite a lot of solid virtual currencies, subsidized through valuable metals. DIM Currencies are a medium for day-to-day trade and service provider fee answers. The forex steadiness will likely be additional enhanced through the swift and environment friendly acquire of valuable metals via MINDEX Spot Limited (Gold Spot Exchange), and garage of the wealth in secured MINDEX Vaults.
The regional DIM Foundation will likely be accountable for:
Collecting donations for the DIM Ecosystem
Creating occasions for the DIM Ecosystem and attending blockchain occasions
Launch advertising and marketing campaigns for the DIM Foundation
Attract companies into the DIM Ecosystem
Becoming a central assembly level for ambassadors and promoters.
For additional information, discuss with www.dim.basis
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