Genesis Vision, a decentralized trust management platform built on blockchain technology and smart contracts, has activated its partnership with FX broker Just2Trade Online Ltd.
Specifically, Genesis Vision managers are now able to trade using trading services provided by Just2Trade, which is a multi-licensed broker with offices in USA, Europe, Russia, China, Mexico, and India.
The deal aims to smooth things up for Genesis’ fund managers as the Cyprus-based broker offers a regulatory experience and coverage for trading operations.
Genesis Vision has been actively accumulating more and more partner brokers, and they recently announced the listing of RoboForex. The company is of the view to expand its pool of brokers to offer more options to its managers.
Just2Trade provides brokerage services since 2006 and claims to have over 150,000 clients worldwide. The Limassol-based brokerage is regulated by the Cyprus Securities and Exchange Commission (CySEC). As an EU-regulated investment firm, Just2Trade falls under the MiFID’s jurisdiction and thus operates in compliance with the international standards the relevant authorities have set.
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In a post on Medium, Genesis says the partnership allows its managers to create ECN accounts, access to 53 FX instruments, three precious metals, three CFDs on energies, 13 CFDs on indices and cryptocurrencies.
Background of Genesis Vision
Genesis Vision has developed a platform for a private trust management market based on blockchain and smart contracts which serves as an ecosystem for traders, investors, and brokers.
The startup reflects an unconventional trust management system, which unites exchanges, brokers, traders, and investors into a decentralized network, making the financial market even more global and interconnected.
Genesis Vision constitutes the first platform to make a foray into the private trust management market, harnessing blockchain technology and smart contracts. The platform itself emphasizes a more globalized outlook, whereby successful traders can broadcast their trading strategies by attracting investments from around the world.
Also on the FX front, the brokerage arm of Genesis Vision, Genesis Markets, teamed up earlier this year with the institutional cryptocurrency exchange LMAX Digital, part of LMAX Exchange Group that also operates leading FX execution venues such as LMAX Exchange (FCA regulated MTF) and LMAX Global (FCA regulated Broker).