Skrumble Network and GAX (Global Asset Exchange) have entered into a partnership to expand the trading of tokenized securities worldwide and the utility for Skrumble Network token SKM. GAX is an institutional-grade trading exchange for buying and selling regulated securities (STOs) from around the world. The agreement will benefit both parties in the form of shared knowledge and expertise, industry comprehension in traditional finance and the cryptocurrency space, as well as to continue Skrumble Network’s mission of utilizing the power of blockchain technology to provide critical access to enhanced privacy globally.
GAX will host and securely facilitate the trading of verified tokenized assets, beginning a new era of corporate finance with greatly improved accountability to individual shareholders and less brokers or intermediaries. GAX has chosen Skrumble Network due to our ICO Drops ranked top four global blockchain community and their impressive development and delivery with first dApp, Ally (decentralized messaging and crypto app with over 150K users).
“We are very pleased to announce our partnership with GAX and to welcome them to the SKM ecosystem. GAX is a revolutionary exchange, expanding the trading of real asset-backed tokens globally, in a compliant manner, giving investors more confidence in the cryptocurrency space and allowing them to access a diversified portfolio of assets on the blockchain,” says Ignacio Llanillo, Head of Skrumble Network Foundation. “The impact GAX will have on the SKM community is huge, and we intend to build in some kind of utility for the SKM token into the exchange.”
The use case for highly divisible, globally-traded digital assets and a legitimate, multi-jurisdictional security token exchange is groundbreaking. Leveraging the benefits of blockchain technology, GAX will be the secure infrastructure used to provide global access to this new asset class and the liquidity, reduction of costs, uninterruptible market and asset- interoperability that are not currently available in the market.
Global Asset Exchange (GAX) is an institutional-grade trading exchange for buying and selling regulated securities (STOs) globally. Based out of Mauritius it is launching in 2019. Special incentives will be given to SKM holders as GAX launches. GAX website is live for valid projects and companies to sign-up for the listing process. The public can pre-sign up for the whitelist to be the first to trade on the exchange. For more, visit www.gaxexchange.com.
About Skrumble Network
Skrumble Network (SKM) is a new, innovative public blockchain that is uniquely optimized for secure communication-centric connections and transactions, decentralized applications, and offers a communication layer for developers to build into any application. With no middle entity or centralized server host in between to censor, block or manipulate any data, Skrumble Network’s blockchain and decentralized applications aim to be a catalyst for data privacy and help to truly democratize communication on a global scale. For more information, please visit https://skrumble.network/.