Thameside takes 20 percent stake in blockchain-based peer-to-peer trading platform ASMX

By John Reynolds on Tuesday 29 October 2019

Savings and Investment

Thameside says it’s impressed by ASMX’s technology.

    Thameside takes 20 percent stake in blockchain-based peer-to-peer trading platform ASMX
Image source: Image of David Bradley-Ward provided by ASMX

Thameside Investment Group has acquired a 20 percent stake in peer-to-peer trading platform ASMX, the blockchain-based secondary market platform for trading global private debt.

ASMX, which is valued at £5m, is developing a secondary market aimed at providing liquidity in the private debt market. Its platform is operated by blockchain technology. Details of how much Thameside paid for the stake have not been disclosed.

The platform will allow peer-to-peer platforms and loan originations to integrate with its technology.

Multi-asset investor Thameside said it was impressed by the technology used by ASMX.

Martin Holland, CEO, Thameside Investment Group, said: “This is our latest investment into the DLT (Distributed Ledger Technology) space and we have been very impressed with the core platform which has been developed by a team with over 25 years of experience of building the technology underpinning some of the world’s leading exchanges."

"They have combined the key trading and settlement elements, through a combination of DLT and FIX to result in what we believe is a significant shift in secondary market technology. When brought together with the expertise and network that ASMX has successfully developed it will provide an institutional grade trading destination for the P2P debt market.”

David Bradley-Ward, Chief Executive, ASMX, said “For a couple of years now we have had the vision of being able to join a number of platforms together. This evolved into a broader ambition of connecting multiple platforms and creating economies of scale for lending platforms and loan originators throughout the world."

"This will create more diversification for lenders, more tools for lending and more analysis, making lending even more affective."

Alex Benger, Business Development Director, ASMX said “Part of the plan has been to have an institutional element to the system where traders and asset managers can access the loans originated by integrated platforms."

"To achieve this, we needed to partner with a strong team who believe in our mission of providing liquidity in the private debt space. Thameside Investment Group share our vision and understand exactly what we are aiming to achieve and have the expertise within the industry to help us achieve our goals”.

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