What we build

A digital exchange, built and operated by GTMS.

GTMS builds the exchange infrastructure (blockchain, listing, trading, settlement) and operates it. Asset managers tokenise their assets with licensed providers; GTMS guides them through to listing.

What the public partner retains

A framework, visibility and control.

See the cooperation framework →

The frameworkThe cooperation, its scope and duration are defined in an agreement signed with GTMS.

VisibilityPeriodic reporting on admissions, transactions and market fees.

Solidarity returnAllocation and disclosure of the fee share reserved for the public interest, under State authority.

From asset to listing, one counterpart.

Asset managers on one side, investors on the other. Between them, the GTMS exchange and the regulated providers it coordinates.

1Asset managersAssets to list, source documentation and structuring.

2GTMSDigital exchangeTokenisation guidance, admission, listing, trading, settlement and reporting.

3Regulated providersCoordinated by GTMSStructuring, tokenisation, issuance, custody, banking, compliance and audit.

4InvestorsThey come to the exchange and access it within a regulated framework, with eligibility and conduct controls.

Provider network

Five regulated functions, five licensed holders.

GTMS selects and integrates each provider; each answers for its own scope.

The full framework (evidence required and contract outputs per function) is shared with issuers during listing preparation.

Structuring and issuancelicensed structurer or issuance platform
Banking and custodylicensed bank or custodian
Complianceindependent KYC / AML provider
Verificationindependent lawyers, valuers and auditors
Tokenisationlicensed tokenisation provider

Partner bank

Financial flows run through a regulated bank.

Our partner bank covers the full chain, from issuer to investors, in fiat currency and in digital assets.

01Issuer / SPV

02Tokenised assets

03Investors

04Fiat and digital flows

BankingSPV accounts, collection accounts, ring-fencing of funds, cash management.

Payments and settlementSubscriptions, settlements, coupons and redemptions.

Cross-border and FXInternational flows and currency conversion.

ComplianceKYC and KYB, AML/CFT, sanctions, transaction monitoring.

Digital assetsFiat/token interface, custody and orchestration of digital flows according to the chosen architecture.

The exact scope of each brick is set case by case, depending on the chosen architecture and the bank's authorisations in the relevant jurisdiction.

Asset classes

Natural resources first, then every class of financial asset.

The exchange starts with natural resources. Other asset classes follow as asset managers tokenise them and their regulated providers join the network.

Natural resourcesStarting pointDeposits in the ground and extracted output: securities backed by rights and cash flows.
Treasury bondsPrimary issuance and secondary market.
Listed company sharesAdmission and trading on the exchange.
Real estate titlesLand titles and rental income.
Agri-foodValue chains, inventories and production contracts.
Carbon creditsRegistry, trading and retirement.

An asset class is added once its regulated holders (issuance, custody, verification) are under contract. Same admission standard, same market rules.

Financial services

Advanced portfolio tools, built into the exchange.

Beyond listing and trading, the exchange gives access to financial services executed on the same infrastructure. Every operation settles instantly: the asset and the payment change hands at the same moment, with no risk of either party failing to deliver.

01Index portfoliosBaskets of tokenised assets, weighted under published rules and rebalanced automatically.

02Lending and borrowingLend assets against a return, or borrow by pledging tokenised assets as collateral.

03Repo and collateralShort-term financing through temporary sale of securities, and use of tokenised assets as collateral for other operations.

04LeverageLeveraged positions, governed by risk limits and automatic margin calls.

Each service is offered to eligible investors only, within the authorisations required in the relevant jurisdiction. Leveraged products carry a risk of loss exceeding the initial investment.