Toronto Stock Exchange Operator TMX and Paycase Launch Crypto Broker Desk

255
ADVERTISEMENTSToken Agency
Blockchain Expo North America 2019
global

Share with:


TMX Group, a Canadian financial services company that operates market exchanges including the Toronto Stock Exchange, and Paycase Financial, a value network and trustware provider for decentralized financial services, on Thursday announced the first public cryptocurrency brokerage desk by a major exchange. The new brokerage service, Shorcan Digital Currency Network (Shorcan DCN), will first focus on bitcoin and ether. Full services will be available in Q2 2018.

advertisementToken Agency

“We are thrilled about this partnership between Paycase Financial and the TMX,” said Paycase Financial CEO and OECD Think Tank Special Advisor Joseph Weinberg, in a statement. “As the first-ever public crypto brokerage desk by an exchange, this deal represents the true institutionalization of cryptocurrencies as an asset class. It signifies what a flourishing startup community and a set of large institutions can do when they collaborate and work together to build the financial world of the future. Canada’s tight, cohesive startup scene, institutions and regulatory environment is a model for the world stage. And most importantly, it demonstrates that Canada is open for business.

“Secondly, it shows how bitcoin and its counterparts are the bedrock of what markets, economies and the financial world in the not-too-distant future. This step further solidifies cryptoassets’ place in the modern economy.”

Paycase’s partnership with TMX solves a major problem in the blockchain ecosystem, according to companies’ statement. It bridges the crypto world and the traditional financial markets, with more to come promised from the collaborative and tight-knit Canadian community.

Alongside the establishment of brokerage services, the partners plan to create proprietary-based cryptocurrency benchmarks based on consolidated data from the world’s leading crypto exchanges as well as over-the-counter (OTC) brokered volume.

“We are excited to enter into this agreement with Paycase, an industry leader with an innovative and entrepreneurial spirit,” said Peter Conroy, President of Shorcan. “We look forward to putting in the necessary collaborative work in the days ahead as we strive to make Shorcan DCN a lasting success.”

For more information, please visit shorcandcn.com

For more information on Paycase, please visit paycasefinancial.com

This article is protected by international copyright laws and is owned by Blockchain News.

Share with:


About David Bentley

David Bentley is an experienced financial writer and communicator specializing in offshore financial services, hedge funds and technology.

View All Articles
advertisements
Blockchain Partners


Token Agency
global
Tymlez
Blockchain Expo North America 2019

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.