Bridging the gap between digital and traditional finance
Dec 7, 2022
Connecting traditional and digital asset markets with a new platform built by Zoreza Global on AWS.
MultiHub offers a single, comprehensive trading settlement platform that seamlessly settles digital and traditional financial asset transactions. By reducing the technical complexity of this process, GMEX Group and Zoreza Global, a DXC Technology Company, are bringing digital assets to a wider audience.
MultiHub makes it possible to trade and settle digital assets alongside existing trading processes with a powerful and connected multi-asset ledger that manages trade, position and settlement interfaces across trading venues and custodians, both traditional and digital.
The robust scale of Amazon Web Services (AWS) means the ledger system built by GMEX Group and Zoreza Global can support real-time transaction settlement across traditional and digital markets — removing a key performance challenge associated with digital trading adoption.
Cryptocurrencies, security tokens and non-fungible tokens (NFTs) are becoming more desirable in investment portfolios. However, trading these assets can be a fragmented process lacking consistent standards and integration with existing systems. Financial institutions need enterprise solutions that bridge the worlds of traditional finance (TradFi), centralized finance (CeFi) and decentralized finance (DeFi) to enable hybrid finance (HyFi). In other words: It’s time to simplify the adoption of regulated digital assets and make a full range of products accessible to a broader audience.
So GMEX Group (GMEX) created MultiHub. Developed with help from Zoreza Global, a DXC Technology Company, and powered by Amazon Web Services (AWS), MultiHub is a comprehensive digital infrastructure platform that connects exchanges, trading venues, banks, brokers, asset managers, financial technology (FinTech) vendors and other capital markets participants across global jurisdictions. This makes it easier for participants — from startups to major institutions — to engage investors and each other for more efficient trading and associated services, such as clearing and settlement. By eradicating legacy exchange silos and encouraging rapid two-way collaboration, GMEX is making the digital assets markets more accessible to the benefit of all participants.
Delivered through a Platform as-a-Service, microservices distribution model, MultiHub offers core ledger technology, which gives participants a single, real-time view of assets and position management across multiple trading venues and custodians. GMEX and Zoreza Global chose to build MultiHub on the AWS Cloud for its reliable, scalable and highly secure infrastructure.
With this game-changing tool, GMEX seeks to help institutions invest in more digital assets and seize exciting opportunities heralded by the next frontier of finance.
If you want to know more about MultiHub watch this video and learn more about decentralized finance.