MAXDA, the Multi Asset Exchange Digital Asset Ecosystem

Digital Issuance, Exchange, Clearing and Custody

Offering Digital Assets for Professional Investors

Homepage2020-06-24T11:15:46+00:00

What are we building?

MAXDA Markets Group (‘MAXDA Group’) is an institutional grade, digital asset ecosystem designed to provide a safe regulated marketplace which permits the buying and selling of cryptocurrencies, security tokens and other digital assets. This ecosystem will initially include a UK MTF subject to regulatory approval by the FCA, followed by a SWISS OTF subject to regulatory approval by FINMA, then followed by 1 additional Asian based exchange. There will also be a guarantee fund (ensuring contract performance) and a digital custodian in Europe. A key feature will be access to third party digital asset marketplaces and custodians as well as access to fiat banking. This will differentiate MAXDA Group from other start-up digital asset exchanges and help secure significant additional cross border liquidity.

MAXDA Group will also look to acquire or obtain other regulated exchange licences or alternatively partner in key strategic locations such as the EU, USA, Middle East and Africa.

MAXDA Markets Limited (‘MAXDA’) has been incorporated as a UK company and has applied for an MTF license to the UK FCA. MAXDA will also partner with a Recognised Investment Exchange for listings.

MAXDA Markets Swiss Limited (‘MAXDA Swiss’) will be incorporated as a Swiss company and will apply for an OTF license to FINMA based on a detailed submission. MAXDA Swiss will partner with an existing Swiss licensed financial services entity to expedite this.

MAXDA Clearing (‘MAXDA Clearing’) will be a UK company with an integrated guarantee fund.

MAXDA Custodian (‘MAXDA Custodian’) will be incorporated in Europe and will apply for a license to operate a digital custodian.

MAXDA Group Ecosystem

MAXDA Markets Group Q&A

What is MAXDA Markets?2020-06-24T10:00:08+00:00

MAXDA Markets Group (‘MAXDA Group’), is an institutional grade, digital assets ecosystem designed to provide a safe regulated marketplace which permits the buying and selling of cryptocurrencies, security tokens and other digital assets in this new era of tokenisation.

What makes MAXDA Markets unique?2020-06-24T10:00:23+00:00

Distributed Ledger Technology is revolutionising capital markets around the world, whereby investors’ expectations are being led towards stream-lined front-to-back exchange trading and settlement processes with intermediary reduction and real-time global 24/7 access.  In the context of this paradigm shift from legacy to digital exchanges and post-trade, MAXDA Markets will be a game-changing enabler, granting access to a secure and regulated marketplace.

Providing access to digital products via the familiar secure and regulated channels, MAXDA’s approach highlights the paradigm shift from traditional to digital exchanges including post trade. In the current market, investors are expected to prefund digital activity with their inventory immobilised in a closed ecosystem of the exchanges choosing. MAXDA is unique in its facilitation of inventory mobility, within a familiar market structure as a key feature will be access to third party digital asset exchanges and custodians as well as access to fiat banking using a unique middleware layer.

MAXDA Markets will facilitate direct participation from global investors and traders of all types and will support free and easy movement of digital assets in and out of the market to fully regulated environments.

What experience does the MAXDA team have?2020-06-24T10:00:39+00:00

MAXDA will leverage its strong digital assets network and a senior industry team with a broad knowledge of financial markets infrastructure business and operations. This includes Hirander Misra, Co-Chairman, and Scott Riley, Chief Post Trade Officer, who were previously co-founders of Chi-X Europe and Tony Harrop, Director of Technology, who was formerly CTO at PLUS Markets Group (now NEX Exchange). Hirander, Tony and Scott have extensive experience in the blockchain and digital assets space having been involved in numerous successful projects.

The experienced Non-Executive Directors include Dr. Iain Saville, ‘father of CREST’ and a recognised expert in securities and settlement, who has been appointed as Chairman; Director John Holland, Chairman of KCG Europe and previously UBS Investment Bank board member, who is renowned for his deep experience in global broking and market making; and Director June Aitken, an experienced NED and ex HSBC and UBS senior executive, with a strong background in global equities and emerging markets. Sean Kiernan, Founder and CEO of DAG Global is also a NED as a result of DAG Global being a founding shareholder. Sean brings extensive digital assets capital markets experience.

What is the vision of the MAXDA Markets?2020-06-24T10:00:59+00:00

MAXDA Markets aims to be a state of the art global digital market infrastructure ecosystem, offering a broad range of digital asset classes and custody solutions in fully regulated environments to a broad range of members and clients.

Which entities are part of the MAXDA Markets Group?2020-06-24T10:01:18+00:00

MAXDA Markets Limited (‘MAXDA’) has been incorporated as a UK company and has applied for an MTF license to the UK FCA. MAXDA will also partner with a Recognised Investment Exchange for listings.

MAXDA Markets Swiss Limited (‘MAXDA Swiss’) will be incorporated in parallel with MAXDA as a Swiss company and will apply for an OTF license to FINMA based on a detailed submission being prepared. MAXDA Swiss will partner with an existing Swiss licensed financial services entity to expedite this.

MAXDA Clearing (‘MAXDA Clearing’) will be a UK company with an integrated guarantee fund.

MAXDA Custodian (‘MAXDA Custodian’) will be incorporated in Europe and will apply for a license to operate a digital custodian.

Who are the MAXDA Markets Partners?2020-06-24T09:59:47+00:00

MAXDA Markets Partners include:

GMEX Group
The largest shareholder of MAXDA Group is GMEX Holdings Limited, part of GMEX Group Limited (“GMEX”).  GMEX Group is a leading London based provider of multi-asset exchange and post trade technology covering the market infrastructure value chain. GMEX is included in the 2018, 2019 and 2020 Global Top 100 list of FinTech Companies amongst Amazon and Google and a top 10 UK Blockchain company according to APPG Blockchain (the UK All Party Parliamentary Group for Blockchain).

DAG Global Holding Limited
DAG Global Holding Limited (“DAG”), the second principal shareholder, was formed in 2018 by a group of financial experts, digital experts and technologists who have deep knowledge of the banking and digital markets. The principals of the DAG team have variously been approved persons or similar under the UK or other international regulatory regimes in prior roles. The DAG mission is to deliver merchant banking services to SMEs and digital firms – providing access to the benefits of digitisation in finance with bespoke service provided by people, empowered by technology and adhering to the highest standards of compliance and security.

SECDEX
The Seychelles based Securities, Commodities and Derivatives Exchange (“SECDEX”) is a market infrastructure ecosystem located in the Seychelles. The SECDEX Group business includes an exchange offering traditional and digital assets, a central counterparty clearing house (CCP) and a central securities depository with registry authorised and regulated by the Seychelles Financial Services Authority (FSA). SECDEX will also operate a digital custodian to custody digital assets.

Digital Partners Network
Digital Partners Network (“DPN”) provides tailored professional services to meet the demands of disruptive businesses, which focus on automation, digitalisation, use of artificial intelligence (AI) and blockchain technology. These include specialist legal, compliance, corporate management services, finance, strategic consulting, technology enabled digital transformation and potential investment through a digital fund.

What technology does MAXDA Markets use?2020-06-24T10:01:56+00:00

The technology to power the MAXDA Markets is provided and managed by GMEX Technologies Limited, a wholly owned subsidiary of the GMEX Group.  This includes the following trading and post trade solutions:-

  • GMEX Fusion – Delivering a unique integrated centralised and distributed solution set combining established GMEX centralised technology with the latest IBM Blockchain Platform & Hyperledger Fabric technology.
  • ForumPortal – The token creation, issuance and management platform;
  • ForumMatch Trading System – offering matching via a Central Limit Order Book (CLOB), Request for Quote (RFQ) or Auction models;
  • ForumTrader Front-end – a fully functioning web deployable multi-asset, multi-lingual trader workstation and order management system facilitating order routing to the exchange and market data dissemination;
  • ForumDetect Market Surveillance Platform – Designed for trading venues and trading firms, providing an In-Tray for alert/case management, a real-time Replay screen for market event analysis and a set of surveillance reports for post-event review; and
  • ForumCustody – A permissioned blockchain platform designed for clearing, settlement, custody and management of traded cryptocurrencies and digital assets. This solution also facilitates inter-bank message flows to facilitate settlement and provides trade data from the ForumMatch exchange trading platform to facilitate balance updates to front-end Order Management Systems (OMS).