Mar 22, · TMX subsidiary Shorcan Digital Currency Network (Shorcan DCN) has entered into an agreement with Paycase Financial, a Toronto-based, value network and trustware provider for decentralized financial services, most widely known for their mobile-first remittance platform, to launch a new cryptocurrency brokerage service focused on bitcoin and ether. Mar 23, · TMX says the brokerage is designed to leverage Shorcan Brokers Ltd. background in providing brokerage services with Paycase’s cryptocurrency data aggregation platform and will focus on . 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.
Tmx enters bitcoin market with new cryptocurrency platform
TMX's Shorcan Announces Cryptocurrency Initiatives | Markets InsiderShorcan DCN is designed to leverage the combination of Shorcan Brokers' Shorcan expertise in providing clients in the Canadian financial industry with liquid, efficient and reliable brokerage services with Paycase's premier cryptocurrency data aggregation platform and established worldwide network of industry leaders and participants.
Concurrently with the establishment of brokerage services, Shorcan DCN, together with Paycase, will create proprietary-based cryptocurrency benchmarks based on consolidated data from the world's leading crypto exchanges as well as over the counter, or OTC, brokered volume.
As new technologies continue to reshape the global financial industry, we continue to explore new ways to evolve our business to address client needs in both traditional and non-traditional markets. Shorcan DCN is planned for launch in the second quarter of For more information, please visit shorcandcn. For more information on Paycase, please visit paycasefinancial.
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.
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