Strategic investment and partnership to jointly develop a range of platforms and projects in innovative digital financial services, commodities and sustainability markets in MENA
Harnesses GMEX’s MultiHub platform, integrating traditional and decentralized finance
London, Washington and UAE, May 3rd 2022 – Tempus Network USA LLC (‘Tempus Network’), a wholly owned subsidiary of Burkhan World Investments (‘Burkhan LLC’) announced today that it has agreed terms to lead the institutional investment round into GMEX Group Limited (‘GMEX Group’ or ‘GMEX’), a leader in digital business and technology solutions for capital markets players, exchanges and post-trade market infrastructure.
The strategic investment will be made via Tempus Network’s nominated Special Purpose Vehicle (‘SPV’) in UAE in collaboration with key Middle Eastern investment institutions, the names of which will be announced in due course. The deal is expected to close during June 2022 subject to necessary approvals, with other strategic and institutional investors also joining the investment round.
Shahal Khan, Chairman of Burkhan and Tempus Network commented: “This strategic partnership between GMEX and the Burkhan ecosystem, including its Tempus Network, which is a new patent pending model of income generation for data users, is designed to meet the expectations of institutions, millennials and generation Z. It serves the goal of bringing digital assets to a wider audience in decentralised and centralised environments as part of a hybrid approach to allow new economic growth to be achieved”.
Hirander Misra, Chairman of GMEX Group said: “Our collaboration with Burkhan focuses on the creation of various digital exchange ecosystems and Joint Ventures (JV’s) in the MENA region. It will deliver interconnected digital infrastructure hubs with global two way distribution. This will leverage GMEX technology and its MultiHub ‘multi-asset network of networks’ in conjunction with Tempus Network and synergise with other Fintechs both through partnerships and investments.”
Burkhan is a long-established investment company started to fulfil a vision to consolidate efforts in bringing to life long term positive impact and change which will aid in the evolution of our society from one that is purely focused on capitalistic consumption to one that is more empathic and giving in its nature. Burkhan owns the Tempus Network that commodifies people’s time and enables them to augment their incomes by earning compensation for their engagement with platforms they love through gamification.