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Distichain partners with SECDEX for integrated digital custody services

Dubai: Distichain, a SaaS provider of digital B2B ecommerce marketplaces is pleased to announce that it has signed a partnership agreement with SECDEX Digital Custodian (SECDEX), Africa and the Middle East’s first regulated fully operational digital custodian.

SECDEX is authorised and regulated by the Seychelles Financial Services Authority (FSA) to operate digital custodial services for a broad range of digital assets.

The partnership has gone live with an integrated Distichain B2B trading engine and SECDEX services solution set, enabled by the GMEX Fusion hybrid centralised and blockchain distributed ledger technology suite. The ecommerce platform and secured digital wallet tech stack also includes digital custody and escrow financial institute licenses as well as secure banking.

Currently traders are limited by traditional payment methods such as low credit card limits, wire transfers, and lengthy and complex letter of credit solutions. Delivering advanced blockchain-based payment technologies, the SECDEX, GMEX and Distichain combination are providing secure, swift, and seamless global trading with reduced risks.

The wallet integration creates a unique experience in the digital B2B trading journey, as buyers and sellers connected to Distichain’s trade engine have the capability to transact large amounts securely. Verified buyers, upon receipt of purchase order and generation of the smart contract, will be able to pay for the goods purchased instantly by payment transfers on the agreed due dates.

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