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Gibraltar Blockchain Exchange is now providing insurance coverage for crypto assets on its platform

The Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange, is now providing insurance coverage for crypto assets listed on its platform.

On December 10, the company announced that it has partnered with a local provider called Callaghan Insurance to provide the policy to cover both hot (online) and cold (offline) wallets listed on the GBX Digital Asset Exchange.

“This represents an important step in attracting users who require strict assurances around the security of their assets,” – said GBX CEO Nick Cowan.

Last month, GBX received a license from the Gibraltar Financial Services Commission (GFSC) under the jurisdiction’s new regulatory framework for distributed ledger technology (DLT) for conducting related operations.

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