A digital asset management company, Sublime Group, has begun market making operations on BlockEx, a blockchain start-up that caters to financial institutions. BlockEx has also announced the activation of its cryptocurrency exchange.
Sublime Group, the world’s leading end-to-end solution that helps businesses raise funds by creating digital assets and through tokenization, will now act as a market maker on BlockEx markets. A member firm of an exchange that keeps the market liquid by selling and buying tokens or securities is known as a market maker.
Adam Leonard, BlockEx CEO, said that the exchange is very happy to welcome Sublime Group onboard to their market maker program, as they are an apt fit for their business. He also said that Market Making is a core part of any mature exchange.
Presently, the BlockEx exchange facilitates the trading of Ethereum, Bitcoin, Reality Clash Coin (RCC), and Digital Asset Exchange Token (DAXT) against the Euro. RCC and DAXT are not listed on CoinMarketCap. However, DAXT trades on HitBTC as well as its native marketplace. Each DAXT token costs one Euro according to the BlockEx website. There are 130 million DAXT available on BlockEx.
More About Sublime Group
As stated in the Finance Magnates report, the Sublime Group which deals in digital asset management is a Dubai-based company. The company offers services such as consulting in brand strategy consulting, capital raising, consulting, ICO strategy, legal/compliance, personalized marketing campaigns, technology development, and tax services, according to the company website.
Polymath, that aims to enable trillions of dollars of securities to migrate to the blockchain, is one of the clients listed on the Sublime Group homepage. All Public Art, which wishes to build a blockchain-based art marketplace, is also one of its clients. Likewise, Datum, a data-storage firm endorsed by William Shatner is also one of the premium clients of the Sublime Group. According to the company website, its clients have a total market capitalization worth $714.5 million.
The post Sublime Group Begins Market Making Operations On BlockEx Exchange appeared first on OWLT Market.
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