Bitbond and the Gibraltar Stock Exchange Plan to Cooperate

It has just been announced that the Gibraltar Stock Exchange (GSX) and Bitbond will be cooperating moving forward. GSX is one of the few stock exchanges exploring digital assets and securities. 

The Gibraltar Stock Exchange (GSX) has just announced it will be collaborating with Bitbond. Bitbond is a lending platform and parent company of Bitbond Finance. It was responsible for issuing the first licensed security token in Germany.

It is still unclear what the collaboration will entail, but it is likely that Bitbond’s security token will likely trade on GSX. GSX has been supporting security tokens for some time, even offering insurance for traders.

Regarding the collaboration, GSX Group CEO Nick Cowansaid said:

“To our knowledge, so far no other European exchange or marketplace has listed security tokens that can be traded by the general public. In order to offer the trading of tokenized securities, exchanges have to fulfil a number of regulatory requirements and provide the necessary technical infrastructure. We are hard at work to make this happen at GSX, utilising our blockchain technology solution, the STACS Network.”

Gibraltar is quickly becoming one of the leading places for the security token industry and cryptocurrencies more generally. In June, 5 new cryptocurrency exchanges were licensed in the country.

Do you agree that Gibraltar could become a hub for the security token industry? Let us know your thoughts below. 

Image courtesy of the Gibraltar Stock Exchange.