The Gibraltar Financial Services Commission (GFSC) has issued a licence to The Gibraltar Blockchain Exchange (GBX) for conducting related operations. As from 21st November 2018, the GBX will operate as a fully licenced provider of Distributed Ledger Technology (DLT) regulated by the GFSC under Gibraltar’s Financial Services Regulations 2018 DLT framework.
Launched in July this year, the GBX offers users an institutional-grade token sale platform and digital asset exchange, built on highest industry standards, gained from its parent company, the GSX. This represents the first stock exchange to own and operate a regulated blockchain exchange.
GBX includes the token sale platform (GBX-GRID) and the secondary market platform, the Digital Asset Exchange (GBX-DAX).
The GBX-DAX offers users several features, currently including USD fiat onboarding as well as multiple USD trading pairs. In the near future, there are also plans to offer a greater number of fiat currency onboarding options, as well as a more extensive list of trading pairs.
The Category 3 license that GBX has received is the highest category that can be awarded within the DLT regulatory framework.
