India INX signs MoU with Kling Block Chain IFSC Pvt. Ltd. to explore launch of Digital Asset based products

India INX has signed MoU with Kling Block Chain IFSC Pvt. Ltd. to explore and launch Digital asset-based products. King Block Chain IFSC Pvt. Ltd. is a 50:50 Joint Venture between Cosmea Holdings and Kling Trading India Pvt. Ltd.

In recent times, Digital assets have gained mainstream traction in the global capital market landscape. Joint application has been filed with IFSCA under Regulatory Sandbox regarding launch of these new age assets.

Commenting on this, Shri V. Balasubramaniam, MD & CEO, India INX said, “India INX at GIFT IFSC is looking at exploring launch of Digital Asset based products and has already made an application to IFSCA under Regulatory Sandbox. This is a part of our product innovation initiative for benchmark our offerings with other international finance centers. We will be launching products in these new age assets in complete compliance with the prevailing laws after receiving all required regulatory approvals.”

India INX, BSE’s international arm, commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT IFSC. It is one of the world’s most advanced technology platforms with a response time of 4 micro seconds and allows trading for 22 hours a day, in a range of financial market products such as index and single stock derivatives, commodity derivatives, currency derivatives and debt securities, to allow international investors to trade from anywhere across the globe.