
The Exchange Layer. Exlayr builds and runs the technology behind the network: exchange connectivity, matching and routing, listing automation and Ghost AI. It also helps other companies put AI to work.
- Role
- Technology and AI
- Base
- DIFC, Dubai
ASMX Group is building a modern fintech business around one mission: to link regulated exchanges worldwide to digital investors, digital assets and AI. The bridge between them is Exlayr, the Exchange Layer.
Trades route through Exlayr to the exchange core for on-exchange settlement.
ASMX was founded in 2018 by David Bradley-Ward and Alex Benger with a simple conviction: the world's smaller exchanges had the regulation investors trust, but not the technology to reach a digital generation of investors.
Between them, the founders had spent decades in capital markets. They had taken more than 120 companies to market, funded private market debt online and built secondary trading to give those investors liquidity. They had seen how often good companies were held back by slow listings, thin trading and investors who could not reach them.
So they set out to build the missing piece. Exlayr, the Exchange Layer, was granted permission to connect directly to the exchange core, so securities traded through approved, regulated platforms settle on-exchange immediately, with the ledger updated in under a second.
From there, the group has grown by building and acquiring the businesses the mission needs: a licensed trading and listing venue, exchange memberships, AI, and the distribution to reach investors worldwide. Each one makes the bridge between exchanges and the digital world stronger.
Exchanges hold the licences and the trust. Digital markets hold the investors and the speed. Exlayr sits between them, so each exchange can reach the digital world without rebuilding itself.
Exlayr is permitted to link directly to the exchange's core. Orders from approved, regulated platforms are transmitted, executed and settled on-exchange.
When a trade settles, the blockchain ledger updates in less than a second, giving investors a live, verifiable record of what they own.
AI supports listings, compliance and customer service across the platform, and Ghost, our investment co-pilot, helps investors understand the market.
Two businesses at the centre of the network today, with more to join as we grow.

The Exchange Layer. Exlayr builds and runs the technology behind the network: exchange connectivity, matching and routing, listing automation and Ghost AI. It also helps other companies put AI to work.

A regulated trading and listing venue. Investors trade newly listed companies, equities, bonds, ETFs and digital securities from one account, and companies raise capital and list.
We build what only we can build, and acquire businesses that are accretive to the mission. Every addition has to strengthen the bridge between exchanges and the digital world.
Licences and memberships that let the network operate in new markets.
New exchanges and venues connected through the Exchange Layer.
Capabilities that make listing, trading and settlement faster and smarter.
Platforms and communities that bring more investors to our markets.
The group is led by people who have raised capital, listed companies and run markets. From lending to stock exchange management, we have done the work we are now building technology for.
Built by people who have funded, listed and traded companies for their whole careers.
Co-founder
With more than £70 million in private market debt projects funded online, and experience creating liquidity through private secondary trading in those markets, David saw the need to bring the same efficiency and investor expertise to listed markets, particularly the underserved companies in the £20m to £300m market-cap bracket. ASMX was born from a passion to make listing on stock exchanges exciting, accessible and cost-effective once again, and, above all, genuinely accessible to investors.
Co-founder
Alex has helped more than 100 companies onto exchanges during his career, and has seen how often the process is held back by a lack of liquidity and frustration for investors and issuers alike. ASMX distils that experience into technology that simplifies not only the listing process but the ongoing work of staying listed and thriving in the capital markets, with the financial benefits that brings to investors.
Governance and counsel from people who have built regulated markets and connected capital across the world.
Non-Executive Director
Graham brings more than four decades of board-level experience across international public and private markets, spanning regulatory design, corporate governance and executive leadership. He is widely regarded as one of the architects of the modern online gaming regulatory framework, having drafted and championed the legislation that established the Alderney Gambling Control Commission, one of the first respected offshore licensing regimes for online gambling and a model for later frameworks internationally.
Beyond betting and gaming, Graham has served as Non-Executive Director, Executive Chairman, Director or Chief Executive of companies in property, insurance, engineering, publishing and telecommunications. He has advised national governments on legislation for online activity, served as a director of international companies listed on the London Stock Exchange and NASDAQ, and led digital transformation, M&A and market-entry programmes across multiple regulated jurisdictions.
Strategic Adviser, Dubai
For more than 25 years, David has connected companies and capital across the Middle East and globally, at the intersection of private markets, entrepreneurship, stakeholder engagement and technology. He is an investor, board member and adviser across private equity, M&A and venture capital, sourcing and assessing opportunities for institutional investors, family offices and strategic partners.
David also curates private equity, M&A and pre-IPO secondary opportunities, with a focus on trust, transparency and speed. A serial entrepreneur, he leads PS NXT, Prose Solutions and aiiro AI, and has founded, scaled and exited businesses in knowledge services, technology and strategic communications.
He mentors founders, supports investor readiness and holds several strategic advisory and board roles, always focused on earning trust, connecting the right people and helping investors, founders and organisations move from opportunity to execution. He is a McGill Neuroscience graduate and has lived in Dubai for more than two decades.
Exchanges, businesses that fit our mission, and partners who want to connect to the network: we would like to hear from you.