AX Trading LLC (AX), a technology-enabled registered broker-dealer and Alternative Trading System (ATS) operator, today announced a strategic partnership with Quant Network.
Through this partnership, Quant Network’s Overledger blockchain operating system will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market.
AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of interoperable regulated digital assets. The AX team has built several trading and liquidity solutions across the global fixed income and equity markets.
With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets.
“We look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols.”
– George O’Krepkie, AX Trading CEO
Quant Network’s Overledger technology enables universal interoperability, one of the biggest challenges and unmet needs faced by the financial industry, to develop and implement interoperable blockchain and Distributed Ledger Technology-based applications spanning different technologies.
“We are delighted to collaborate with AX Trading, to foster the evolution of new decentralized capital markets and exchange infrastructure, by using Overledger to facilitate interoperability, allowing for digital assets to be traded and transferred across DLT networks on a regulated digital trading exchange.”
– Gilbert Verdian, CEO of Quant