BitMart and Genesis Block Announce Strategic Partnership
NEW YORK NY, May 11, 2019— BitMart, a premier global digital asset trading platform, is pleased to announce a strategic partnership with Genesis Block Group Holdings LLC and its affiliates (“Genesis Block”), a blockchain and digital asset-focused services platform that includes a registered broker-dealer subsidiary, GB Capital Markets, Inc. The partnership is the first long-term strategic collaboration between a global leading digital asset trading platform and a US-based digital assets financial services platform and promises to accelerate the connection of the digital asset and real economies to drive long-term enterprise value creation and growth across U.S. and international markets and financial centers.
BitMart and Genesis Block share a strong belief in the promise of distributed ledger technology and its applications and will work jointly to develop a number of opportunity sets, including primary and secondary markets for digital securities and cross-border markets for digital assets and related products and services. Distributed ledger technology infrastructure will be used to create entirely new markets in heretofore illiquid assets, including funds, art, and collectibles, real estate, natural resources. World-class primary and secondary market infrastructure for digital securities will provide a number of benefits, including 24/7 markets, lower transactions costs, fractional ownership, automated and quicker settlement
“We are delighted to collaborate with Genesis Block,” said Sheldon Xia, Founder and Chief Executive Officer of BitMart. “The partnership will combine the power of BitMart’s Asian and international presence, technology infrastructure and development teams with Genesis Block’s regulated broker-dealer capabilities and unparalleled knowledge of the regulatory aspects of blockchain-driven financial markets. In short, we believe this partnership will accelerate the evolution of a new paradigm in global capital markets.”
“We believe that the future evolution of financial market structure is inextricably linked with the development of international mechanisms that leverage distributed ledger technology,” said Sam Proctor,