After announcing a partnership with cloud-storage firm 0chain in April, ThinkMarkets’ blockchain subsidiary ‘ThinkCoin’ is entering into another collaboration with post-trade solution provider GMEX Group.
ThinkCoin’s TradeConnect platform will make use of GMEX ‘Fusion’ platform, which combines GMEX’s centralized trading systems with blockchain technology. TradeConnect is described as a platform that will allow traders to trade a variety of assets (including fiat currencies, equities, precious metals, commodities, and cryptocurrencies) using a set of scoring models known as ‘digital personas’ and AI tools.
Centralized and Decentralized Trading Environments
GMEXs’ Fusion platform, which “combines GMEX’s traditional centralized trading systems…with the latest blockchain technology,” will reportedly be integrated into TradeConnect’s mobile and web front end.
— ThinkCoin (@ThinkCoinToken) June 1, 2018
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According to the companies’ official announcement of the partnership, “GMEX order execution API will be combined with TradeConnect’s matching model to create a sophisticated and agile trading solution representing the best of traditional centralized and blockchain-powered decentralized solutions.”
The Partnership Will Explore On- and Off-Chain Solutions
“All of us at ThinkCoin are enormously excited to begin our collaboration with GMEX,” said Nauman Anees, CEO and Co-Founder of ThinkCoin. “The company’s culture of innovation and solution-oriented thinking is hugely impressive, and we look forward to together exploring the full potential of on and off-chain solutions to realise the promise of blockchain technology.”
Chairman and CEO of GMEX Group Hirander Misra shared a similar enthusiasm for the partnership: “The ThinkCoin digital token and its associated TradeConnect network integrated with GMEX Fusion will provide traders with the most diverse blockchain-based multi-asset trading and exchange ecosystem on the market today.”
“This brings with it a substantial client footprint from the outset to ensure liquidity,” he continued, “which combined with the experience of the team has all the ingredients to make it a market leading proposition.”