On March 22, 2018, TMX Group announced that its wholly-owned subsidiary, Shorcan Digital Currency Network, has entered into an agreement with Paycase Financial to launch a new cryptocurrency brokerage service focused on Bitcoin and Ether. Shorcan DCN, together with Paycase, will create proprietary-based cryptocurrency benchmarks based on consolidated data from the world's leading crypto exchanges as well as over the counter (OTC) brokered volume. Shorcan DCN is planned for launch in the second quarter of 2018.
Paycase Financial is a Toronto-based value network and trustware provider for decentralized financial services. It is most widely known for its mobile-first remittance platform.
Osler, Hoskin and Harcourt LLP represented Paycase Financial Corp. with a team consisting of Matthew Snyder, Simon Hodgett (Technology), and Blair Wiley (Corporate).