Algometric’s development team to work with GATENet on primary and secondary digital securities trading platform, due to launch early 2023.
Seychelles – August 5th 2022 – GATENet announces a key partnership with Algometric, a technology development firm with some of the industry’s best-in-class resources, to enhance GATENet’s Digital Financial Market Infrastructure (FMI).
The GATENet vision is to build an interoperable primary and secondary trading platform that will transform the issuance, trading and settlement of securities. The unique model allows for the trading of digital securities (equities, funds and debt) and digital assets (cryptocurrencies and NFTs). GATENet aims to develop a fully on-chain financial market that offers a turn-key solution that incorporates issuance, trading, settlement and registry technology for financial institutions including Exchanges, Banks, Brokers, Asset Managers and Issuers, whilst increasing efficiencies and reducing costs for all stakeholders, in accessible in a single marketplace. Mark Mariampillai, CEO of GATENet commented on the announcement:
“We’re excited to have the Algometric team on board, they have a proven track record of delivering tier-one technology solutions. Combined with the GATENet team, STT and other vendors to be announced, we are in a perfect position to reach our target milestones on the Digital FMI roll-out for early next year. I look forward to working closely with the Algometric team, and providing a new paradigm shift for the settlement of digital securities, opening up new avenues for investors, market participants and issuers alike.”
Algometric boasts an in-house technology solutions team that cater for areas such as software development, artificial intelligence, frameworks, databases and machine learning. Their global team offers a deep range of skills, from research & design to development and support of high-quality products. Katarina Stojcic, Principal Project Manager commented on the news, saying:
“The GATENet project will be a game changer in the Digital Securities/Assets and Web3 industry. We’re excited to be working with the GATENet team on the delivery of this innovative solution to the capital markets. Our team of professionals are looking forward to adding to the already amazing work achieved by GATENet, together as partners we will achieve a truly institutional grade platform.”