TMX and Paycase launching cryptocurrency brokerage services

paycase financial

TMX’s Shorcan Digital Currency Network is partnering with Toronto-based Paycase to launch a new cryptocurrency brokerage service focused on Bitcoin and Ether.

Paycase offers a value network and trustware provider for decentralized financial services. The company, which is FINTRAC-registered, provides infrastructure and liquidity to global financial institutions skeptical of the unregulated world of cryptocurrency networks.

“Across the Paycase group of companies, we focus on strategic projects in countries that require liquidity and critical market infrastructure. From identity and compliance standards, to liquidity, to consumer transaction infrastructure, Paycase builds and employs foundational frameworks that create global impact while maintaining market integrity,” said Joseph Weinberg, CEO of Paycase.

Shorcan DCN will leverage the expertise of Shorcan Brokers’ — TMX’s subsidiary dedicated to providing clients in the Canadian financial industry with brokerage services — and Paycase’s cryptocurrency data aggregation platform. The goal is to create proprietary-based cryptocurrency benchmarks based on consolidated data from the world’s leading crypto exchanges, as well as over the counter, or OTC, brokered volume.

“Shorcan DCN represents a significant step forward in the execution of TMX Group’s digital strategy,” said John Lee, managing director of enterprise innovation and product development. “As new technologies continue to reshape the global financial industry, we continue to explore new ways to evolve our business to address client needs in both traditional and non-traditional markets.”

BMO Financial Group will provide Shorcan DCN with banking services as part of the payment and settlement infrastructure.

“Across the Paycase group of companies, we focus on strategic projects in countries that require liquidity and critical market infrastructure. From identity and compliance standards, to liquidity, to consumer transaction infrastructure, Paycase builds and employs foundational frameworks that create global impact while maintaining market integrity.

Jessica Galang

Jessica Galang

Freelance tech writer. Former BetaKit News Editor.

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