Shorcan Digital Currency Network Inc.

Shorcan Digital Currency Network Inc. is a Canadian financial-technology company and a subsidiary of TMX Group, the operator of the Toronto Stock Exchange. It was established to build and run an institutional-grade trading venue for digital currencies, most notably bitcoin, under the Shorcan brand that TMX Group has long used for its interdealer brokerage business. The company's purpose is to bring digital-asset trading into a regulated, exchange-adjacent environment. Rather than serving retail speculators, Shorcan Digital Currency Network targets institutional investors, brokers and dealers who need a compliant marketplace with professional execution and settlement arrangements. Its platform was developed in collaboration with Paycase Financial, a Toronto-based financial-technology firm, and was announced publicly in 2018. As a TMX Group subsidiary, the company sits inside Canada's largest exchange group and benefits from the parent's market-infrastructure expertise, regulatory relationships and brand credibility. Its operating market is Canada, and its activities are tied to the broader development of regulated crypto-asset market infrastructure in that country. Because the entity is a subsidiary rather than a separately listed company, it does not have its own ticker or public financial statements. Its public profile is closely linked to TMX Group's strategic interest in digital assets and to the Shorcan name in Canadian institutional brokerage.

Shorcan Digital Currency Network Inc. emerged from TMX Group's effort to extend its market-infrastructure business into digital assets. TMX Group, which owns and operates the Toronto Stock Exchange and other Canadian market venues, has used the Shorcan name for decades in its interdealer brokerage operations. In 2018, TMX Group announced that it was creating a new subsidiary under that brand to develop an institutional trading platform for digital currencies. The initiative was developed in partnership with Paycase Financial, a Toronto-based financial-technology company focused on blockchain and digital-asset services. The venture was positioned as a regulated, institutional-oriented marketplace for bitcoin, distinguishing it from retail crypto exchanges. The plan reflected a broader wave of interest among established exchange operators in building compliant infrastructure for crypto-asset trading. The company operates as a subsidiary within TMX Group and does not have a separate public listing. Its history is therefore intertwined with TMX Group's digital-asset strategy and with the evolution of Canadian crypto-market regulation. Public information about the subsidiary's day-to-day operations is limited, and its platform has been described primarily in the context of TMX Group's announcements and Canadian financial press coverage.

• 2018

  TMX Group announces Shorcan Digital Currency Network Inc. in partnership with Paycase Financial to build an institutional bitcoin trading platform.

Institutional-grade, regulated digital-asset trading infrastructure backed by a major exchange group.

• Institutional digital currency trading platform

  A regulated marketplace for institutional trading of bitcoin and other digital currencies, developed with Paycase Financial.

• Unconfirmed

  Paycase Global sues TMX Group and Shorcan entities[2]Paycase Global 起诉 TMX Group 及 Shorcan 实体prweb.com

  Reported: 2019-09-24

  Paycase Global filed a claim against TMX Group Limited, Shorcan Brokers Limited and Shorcan Digital Currency Network Inc., seeking $500 million in damages over TMX's purported termination of two commercial agreements.

1. 1TMX Group and Paycase Financial announce Shorcan Digital Currency Networktmx.com
2. 2Paycase Global 起诉 TMX Group 及 Shorcan 实体prweb.com