Blockchain company Valereum said on Friday it would buy 90% of the Gibraltar Stock Exchange (GSX) to create the world's first bourse where shares and cryptoassets can be traded.
Valereum, listed on London's Aquis Exchange, said it will need approval from Gibraltar regulators to allow listed instruments on the GSX access to a regulated pool of crypto capital.Register
"The GSX will be the world's first exchange to create a seamless and fully regulated bridge that links the fiat and crypto markets," Valereum said in a statement. "This will give listed instruments on the GSX access to a regulated pool of crypto capital that is not available anywhere else, and it will give crypto currency holders the ability to have a direct, verifiable holding in fiat securities."
Valereum announced last November it had signed an option to acquire up to 80% of GSX, subject to approval from the Gibraltar Financial Services Commission. Friday's announcement increases the holding to 90%. Valereum acquired Gibraltar fund and trusts services group Juno in December to underpin the bridge between crypto and fiat currencies.Reporting by Huw Jones, Editing by Louise HeavensSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gibraltar Could Launch the World’s First Crypto Stock ExchangeGibraltar hopes a new stock exchange will attract crypto millionaires who want to avoid hefty taxes. Via WIREDUK
Baca lebih lajut »
Coinbase Still the ‘Blue Chip Way’ to Gain Crypto Growth Exposure, Goldman Says.GoldmanSachs still sees coinbase as the best stock for gaining exposure to growth in the crypto markets. By willcanny99
Baca lebih lajut »
Reddit is testing NFT avatars featureBinance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
Baca lebih lajut »
Here’s How Utopia P2P Builds an All-in-One Crypto Toolkit Powered by Native Exchange CryptonCutting-edge crypto services are available now with no KYC as UtopiaP2P launches multi-currency Crypton Exchange
Baca lebih lajut »
Crypto exchange Apifiny goes public after $530 million deal with Abri SPACApifiny intends to bolster its blockchain technology tool offerings and regulatory transparency through the merger, expected to close in Q3.
Baca lebih lajut »
DOJ Indicts Cryptsy Exchange Founder for Stealing $1M in CryptoIn a 17-count indictment, the DOJ charged Paul Vernon with tax evasion, wire fraud, money laundering, computer fraud and destruction of records in a federal investigation, among other charges. Tanzeel_Akhtar reports
Baca lebih lajut »