The Gibraltar Blockchain Exchange (GBX), a leading institutional-grade token sale platform and Digital Asset Exchange, has been granted a full license as a provider of Distributed Ledger Technology (DLT) from the local financial watchdog, the Gibraltar Financial Services Commission (GFSC).
The license means that the subsidiary of the Gibraltar Stock Exchange Group (GSX Group) has become the first stock exchange to own a regulated blockchain exchange, according to a statement published by the firm headed by CEO Nick Cowan.
“Securing authorization as a DLT provider here in Gibraltar is an affirmation of our tireless efforts to position the GBX among the premiere Digital Asset Exchanges globally. Today’s announcement renews our ambition to create a world-leading, institutional-grade token sale platform and Digital Asset Exchange. We’re incredibly excited to build on this wave of momentum following our full-scale public launch in July”.
“This license means a great deal to the entire GBX community, not least our users. From the very beginning, we have sought to build a platform defined by stringent regulatory safeguards and effective risk-based controls, while promoting the sensible and sustainable development of the industry. Today’s authorization is an endorsement of this long-held position and evidence of the hard work put in up to this point”, CEO Nick Cowan added.
Gibraltar, a British Overseas Territory and headland on Spain’s south coast, has introduced a regulatory framework on distributed ledger technology in January 2018. It was the first jurisdiction to welcome the blockchain ecosystem in its regulation and is one of the most crypto friendly places in the world.
