The GSX Group, an end-to-end financial services and exchange ecosystem, today has announced the launch of the GRID, a venue to create and deploy ‘Smart Securities’ in tokenized form. The GRID facilitates the tokenization of new and existing debt securities and funds, with equities rolling out in the second phase of the GRID’s development.
Commenting on the launch, Nick Cowan, CEO of the GSX Group said, “We have worked diligently over the past year building a unique service offering with our own technology solution for capital markets. As a venue to create and deploy securities in tokenized form, the GRID will provide the perfect venue for issuers to make the jump into what we call ‘Smart Securities’ as we push to redefine how those securities are traded, settled, and cleared using our bespoke blockchain.”
The GSX Group is a capital markets ecosystem geared towards transforming capital markets and enhancing the interoperability of traditional financial structures through its integrated proprietary blockchain technology solutions. The GRID offers the technology to facilitate any ‘tokenization’ of traditional and new securities into STOs (Security Token Offerings).
The GRID utilizes the GSX Group’s Native STACS Network, an in-house proprietary blockchain purpose-built for securities, powered by the Group’s native GATE token. Through the GRID, issuers can future-proof their business from legacy systems by gaining access to the innovative performance of blockchain, which reduces costs and execution time frames, all in a compliant and efficient manner.
“The launch of the GRID in Estonia represents a step forward in the GSX Group’s capital markets plan, as we work to usher in a new era of blockchain-powered finance that is truly global. This is the first stage of a multi-tiered approach and overarching strategy that we’re excited to start unveiling to the world. We are well on our way to delivering a true fintech solution to drive capital markets forward into a new era defined by increased efficiencies, the removal of unnecessary counterparty risk, and unprecedented access to global liquidity pools,” concluded Cowan.