GMEX Group and DAG Global deliver research on The Digital Opportunity of Brexit – A Blockchain Economy in the UK

GMEX Group and DAG Global deliver research on

The Digital Opportunity of Brexit – A Blockchain Economy in the UK

Capital inflows, job creation and GDP growth through digital economic development will more than offset the negative economic impact of Brexit
London, 12 December 2018. Following the announcement of their joint venture in May, GMEX Group (GMEX), a global provider of digital multi-asset exchange trading and post-trade business solutions, and the DAG Global (DAG), a trusted digital and crypto economy platform connecting traditional financial services with emerging digital assets, have collaborated to deliver a new report on The Digital Opportunity of Brexit – A Blockchain Economy in the UK.
Earlier this year, DAG Global published a report with the UK Parliament APPG on Blockchain, together with the Big Innovation Centre and Deep Knowledge Ventures, outlining the current state of blockchain investment in the UK as well as the considerable ecosystem that has emerged largely without a supportive UK industrial strategy. This latest joint analysis investigates a range of factors including Employment and GDP.
While the OECD and HM Treasury have anticipated that the UK’s economic growth prospects will be reduced by 3% overall until 2020 due to the impact of Brexit, a Bank of England report of July 2016 estimated that UK GDP could increase by 3% by introducing a Central Bank Digital Currency (CBDC) and we have undertaken our own comprehensive analysis which confirms these figures. Establishing a digital economy has the power to erase the negative economic effect of Brexit entirely, as well as the scars.
As a result of nurturing the digital economy in the Britain, the report concludes that the impact of capital outflows as a result of Brexit is likely to be “enhanced” in net annualised GDP terms by 3.4% through the creation of a wider digital economy within the UK attracting foreign investment and creating 250,000 jobs over 5 years offsetting the projected loss of 150,000 jobs as a result of Britain’s exit from the European Union.
Hirander Misra, CEO of GMEX Group, commented “With the right Government support in the near term, the U.K. has an incredible opportunity to support an innovation economy centred on its relative strengths, namely with London as a leading international financial centre and, increasingly, as a technology hub with significant international investment.”
Sean Kiernan, CEO of DAG Global, noted that, “The U.K. is better positioned to adopt Blockchain and implement the necessary regulations post-Brexit compared to other European nations, such as Malta, as EU countries will have to contend with an upcoming programme of overarching EU blockchain regulation which is still in discussion. The comparative independence of the U.K. primes the country to be in a better position in the long run as it moves its markets forward independently.”
The GMEX and DAG collaboration is structured around a number of strategic areas including the delivery of Exchange initiatives with associated post-trade services including digital registry, blockchain clearing house, decentralised depository and custody; Digital Asset and Traditional B2B Banking, Crypto Fund Management and emerging technology incubation.
Misra and Kiernan are currently seeking input to a book they are publishing entitled “Tech Meets Trust: Blockchain Britain”, which will further explore the opportunities outlined in the report.
To read the full report including the statistics and methodology visit https://www.gmex-group.com/article-the-digital-opportunity-of-brexit-a-blockchain-economy-in-the-uk/
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About DAG Global

DAG Global “DAG” is the first fully integrated financial services group bridging traditional fiat currency banking and trading with the emerging digital asset and cryptocurrency sector. Our mission is to be the premier trusted and secure platform to provide access to the traditional, digital and crypto economy.
DAG intends to be the bridge between traditional and digital financial services firms, bringing together the tradition of regulated banking and exchange with emerging innovation and blockchain technology. DAG has already launched parts of its non-regulated plan, and following receipt of appropriate regulatory permissions, DAG intends to provide digital banking services and solutions for fintechs, SMEs, and digital asset businesses.
For more information visit www.dag.global  or follow us on Twitter @DAG_Global ‏
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About GMEX Group Limited

GMEX Group is a set of companies that offer sustainable and innovative solutions for a new era of global financial markets by being a global provider of innovative multi-asset exchange trading and post trade business solutions and technology ecosystems.
Providing business expertise, the latest technology, connectivity & operational excellence delivered through an aligned partnership driven approach. We use our extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries and warehouse receipt platforms.
Our key business solutions enable the creation and operation of cost effective electronic exchanges and post trade infrastructure in multiple asset classes including equities, debt, FX, derivatives, commodities, cryptocurrencies and digital tokenised assets.
We operate in both developing and developed markets through the establishment of cohesive business and technology ecosystems. GMEX offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity.
The GMEX Market Advancement Programme (MAP) is all about partnerships and creating an ecosystem with exchanges and post trade market infrastructure operators to deliver centralised, decentralised & hybrid solutions in a collaborative fashion.
GMEX Group is comprised of four main businesses:
  • GMEX Technologies is a provider of multi-asset exchange trading and post trade technology through a unique partnership driven approach
  • GMEX Innovation conducts R&D of technologically advanced new product solutions for exchange trading, clearing and settlement
  • GMEX Services provides strategic consultancy, implementing services & support for exchanges and market infrastructure providers
  • GMEX Investments makes selective seed and early stage strategic equity and token investments into market infrastructure and related FinTech companies
For more information visit www.gmex-group.com or follow us on Twitter @GMEX_Group
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GMEX is a client of The Realization Group