ASMX Group PLC, a developer of digitally enabled secondary market trading technology, has reached a significant strategic agreement with MERJ Exchange.
Under this agreement, ASMX is set to launch a digital trading solution “for companies to list traditional debt and equity securities, as well as fractionalized assets, such as green infrastructure and real estate on a worldwide basis.”
The new platform will aim to “offer on-exchange trading, clearing, settlement, and registry services through an integration with MERJ Exchange, alongside Know Your Customer (KYC), Anti-Money Laundering (AML) systems, and integrated payment solutions.”
Additionally, ASMX Group PLC will include “a regulated Exchange Sponsor, an Exchange Member, and comprehensive analogue and digital custody service known as ‘ASMX Custody Services’.”
The offering is designed to “provide an accessible and integrated solution for smaller issuers of listed securities.”
Modern technology is employed to minimize unnecessary cost and limit administrative burden. This makes it more realistic than ever “for SMEs, and issuers of alternative assets, to bring exchange listed securities to market.”
Alex Benger, Co-founder and Chief Operating Officer of ASMX Group PLC, stated:
“Having previously operated an SME exchange, I am fully aware of the effort required to establish a successful trading venue which is why we selected MERJ to partner with. We required an execution venue that would work with us to make the process of listing more efficient, more cost effective and who embrace modern technologies and processes to achieve that. MERJ have demonstrated over a number of years that they are a perfect fit and we are excited for the launch of our partnership.”
ASMX Group PLC offers regulated broker-dealers “the opportunity to connect to this innovative ecosystem and trade across MERJ while retaining their own customer base.”
In addition, ASMX provides “onboarding and client management platforms, streamlining the process for market participants.”
ASMX and MERJ share a vision of “enhancing liquidity within the SME debt and equity space.”
ASMX is set to “launch connected platforms in the UK, Malta, Abu Dhabi and Jersey with plans for further expansion on the horizon.”
These platforms will serve “as operators for the ASMX onboarding process, actively marketing their platforms to customers and originating listings for the exchange.”