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TMX unit to offer cryptocurrency brokerage service

TMX Group Ltd. wholly owned subsidiary Shorcan Digital Currency Network and Paycase Financial will launch a cryptocurrency brokerage service focused on bitcoin and ether.

BMO Financial Group will provide Shorcan Digital Currency Network with banking services as part of the payment and settlement infrastructure.

Shorcan Digital Currency Network is scheduled to launch in the second quarter. Toronto-based Paycase Financial offers a mobile-first remittance platform.