Gibraltar Blockchain Exchange softly launches
The gentle and gracious Gibraltar Blockchain Exchange (GBX) has soft launched its digital asset exchange.
GBX says 300 retail account holders and a “select number” of institutional participants were introduced to the platform during this early access period.
Nick Cowan, CEO of the Gibraltar Blockchain Exchange, says this is a “significant step in our journey to becoming a leading digital asset exchange and token sale platform”.
Those invited by GBX to partake in the soft launch and commence trading on the platform, will be required to give feedback on their experience using the exchange.
The announcement follows the recent addition of Blockchain Worx to its sponsor firm network. As a result, the GBX network now has ten sponsor firms.
As reported in January, GBX, which is a subsidiary of the Gibraltar Stock Exchange (GSX), said it aims to be one of the world’s first licensed and regulated token sale platform and digital asset exchange that is operated by a European Union (EU) regulated stock exchange.
This followed on from December 2017, when the Gibraltar Parliament unanimously passed a Bill for an Act to amend the Financial Services (Investment and Fiduciary Services) Act.
The purpose was to prepare the legal basis for the introduction of a new distributed ledger technology (DLT) framework which came into effect on 1 January 2018 – and naturally GBX benefits from all that. Rules rule… which doesn’t happen often.