Gibraltar Adds Blockchain to Trading/Settlement Systems

FinTech, ICO News, Innovation, Investing, News, Regulation | August 3, 2017 By:

Gibraltar will integrate blockchain technology into its trading and settlement systems, according to its primary securities exchange.

The Gibraltar Stock Exchange (GSE) has partnered with Cyberhub Fintech to enact the plan. Cyberhub will become an exchange shareholder under the agreement.

“The investment signals the Gibraltar Stock Exchange’s continued commitment to expand its capital markets network and influence in Asia as well as its ambition to become one of the world’s first regulated exchanges to fully integrate use of blockchain into its operational processes from ICO to IPO,” the GSE said in a statement.

The GSE has an exchange-traded instrument in place that is tied to the price of bitcoin, and the territory’s government has instituted guidelines for blockchain use.