The Gibraltar Blockchain Exchange (GBX)[1], a subsidiary of the Gibraltar Stock Exchange Group (GSX Group), has announced that it has been granted a full license as a provider of distributed ledger technology (DLT) from the Gibraltar Financial Services Commission (GFSC). The company said that the license makes GSX the first stock exchange in the world to own a fully regulated blockchain exchange.
“Securing authorization as a DLT provider here in Gibraltar is affirmation of our tireless efforts to position the GBX among the premiere Digital Asset Exchanges globally,” said Nick Cowan, CEO of the Gibraltar Blockchain Exchange.
“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.”
GBX is an institutional grade token sale platform and cryptocurrency exchange featuring USD onboarding for customers, as well as a number of trading pairs. It launched[2] in full-scale in July 2018 and plans to offer a greater number of fiat currency onboarding options on the exchange, as well as a more extensive list of trading pairs.
“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,” Cowan said. “Today’s authorization is an endorsement of this long held position and evidence of the hard work put in up to this point.”
GBX said it has acquired a Category 3 license, the highest category that can be granted within Gibraltar’s Financial Services Regulations 2018 DLT framework.
The DLT license application took about six months, it said, and included an initial risk assessment by the GFSC, an in-person presentation to the regulator that
