Mar 26, · TMX Group Ltd., which owns the year-old Toronto Stock Exchange, announced on March 22, that it would launch a cryptocurrency platform and thereby enter the burgeoning market for virtual currencies. According to the TMX press release, Shorcan Brokers Ltd., a subsidiary of TMX, will build this first exchange-owned brokerage platform for cryptocurrency investors, compile . Richard Carleton, CEO of the Canadian Securities Exchange, poses for a portrait in Toronto on Jan. 3, In announcing a new blockchain-based platform to clear and settle securities trades. First Bitcoin Capital Enters Into MOU With BITCASAS INC In Order To Acquire A Major Stake In The World's First Online Cross-Border Platform For Making Investments In Tokenized Mortgage Loans TEL AVIV, ISRAEL / ACCESSWIRE / October 8, / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITC.
Tmx enters bitcoin market with new cryptocurrency platformToronto Stock Exchange Operator Launches Crypto Brokerage | Digital Money Times
The project will be implemented in partnership with the local fintech startup Paycase Financial Corp. That will be accomplished through the launch of its Shorcan Digital Currency Network subsidiary. Support will expand if clients demand additional cryptocurrencies. The TSE owner also announced the brokerage service would be made available through partnership with Paycase Financial Corp. TMX says the brokerage is a significant step in the execution of its digital strategy.
Shorcan is expected to debut in the second quarter of this year. TMX Group companies provide listing markets, trading markets, clearing facilities and other financial services.
In February, the Canadian Stock Exchange announced plans to launch a blockchain platform for clearing sales of tokens qualified as securities. When the clearing process is finished, the system automatically indicates it as complete and moves it to the next step. TMX Global Coin began developing in , and has been growing steadily ever since. In mid, the development process reached a level enough to generate a significant level of credibility in the crypto industry.
A local media firm in the country reports that TMX has established various contracts to create partnerships in Europe and Asia, but there is no official communication of such alliances as yet. Kenya , is among the countries in the world that is working towards using the blockchain technology in political and economic development.
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For more information, please visit shorcandcn. For more information on Paycase, please visit paycasefinancial. TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income.
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