AllianceBlock, the world’s first-ever decentralized blockchain agnostic capital market that effectively converts digital assets into a bankable product, has signed a strategic partnership with the LSEG’s partner platform. Partnering with the London Stock Exchange Group’s partner platform will enable LSEG’s institutional members to have direct market access to the AllianceBlock platform.
The London Stock Exchange Group has a rich network infrastructure that supports various financial services and transactions. Therefore, partnering with LSEG will allow AllianceBlock to have access to these institutional clients over LSEG’s Global Innovation Network.
Moreover, access to such customized market resources will help AllianceBlock to take a giant leap towards its mission; the platform aims to create the first-ever globally compliant decentralized capital market that can easily herald an effective investment banking ecosystem. This partnership not only benefits LSEG’s institutional members to access AllianceBlock directly, but the data and technology vendors also reap the benefits of this brewing partnership between AllianceBlock and LSEG’s partner platform.
Regarding this partnership, Amber Ghaddar, Founder of AllianceBlock, stated,
The CEO and Founder of AllianceBlock, Rachid Ajaja, also positively sees the partnership. He says that AllianceBlock aims to fill up the gap that has emerged in today’s global financial scenario over the past few years. Converging institutional finance with the new digital asset class is the greatest challenge that AllianceBlock has vowed to meet up, which will open up new opportunities to ensure that the decentralized markets can be accessed by all and meet the required industry standards.
Nigel Harold, the Group Head of Global Business Services, also expressed his gratitude to AllianceBlock to choose LSEG’s Partner Platform as their partner in creating a globally compliant decentralized market. He also stated that AllianceBlock’s decentralized capital market ecosystem would benefit from LSEG’s extensive network infrastructure that will allow members to bring their financial applications closer to the trading community.