Operator Stock Toronto stock exchange company TMX Group announced that its unit Shorcan DCN reached an agreement on the launch of crypto-currency brokerage platform for buying and selling bitcoin and Ethereum. This writes CoinDesk.
The launch of the platform Shorcan Digital Currency Network will be implemented in collaboration with the FINTECH startup Paycase Financial and the fourth largest Bank of Canada Bank of Montreal. It is expected that the new service will be available in the second quarter of 2018.
As noted in the TMX Group, the launch of Shorcan DCN will be a significant step in the implementation of the digital strategy of the company and will consolidate communication between the company and the cryptocurrency space.
“As new technologies continue to change the face of world Finance industry, we continue to explore new ways to develop our business to meet the needs of customers in traditional and non-traditional markets,” said managing Director of TMX Group on innovation John Lee.
We will remind, in November of 2015 on the Toronto Stock exchange was first blockchain-company — Blockchain Tech Ltd. In March of 2016 for the position of Director of digital technology exchange, was invited well-known entrepreneur Anthony di Iorio, founder of the Bitcoin Alliance of Canada and bitcoin companies Kryptokit and Decentral (operator of a multi-currency wallet Jaxx).
Earlier this year it became known about the plans of the Canadian stock exchange (CSE) to start clearing and settlement platform on the blockchain for the conduct of regulated tomenselo.