Valereum Blockchain Plans to Acquire 80% Stake in GSX

Valereum Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, a prominent blockchain technology group based in Gibraltar, announced the signing of an option to acquire an 80% stake in the Gibraltar Stock Exchange (GSX) today. The mentioned acquisition is subject to approval by the Gibraltar Financial Services Commission (GFSC).

The financial details of the planned acquisition were not disclosed. The Global Stock Exchange Group, the current owner of the GSX, will retain the remaining 20% in shareholdings. Valereum is planning to establish the Gibraltar Stock Exchange as the world's first fully regulated integrated fiat and digital exchange.

"This deal represents the next stage in the evolution of digital assets becoming globally accepted and tradeable. It brings crypto closer to the mainstream and opens it up to be used in transactions with other asset classes. Just as The Rock of Gibraltar has been a physical port for centuries, GSX will encourage the next generation of digital assets to see Gibraltar as a virtual node in digital trade,” Richard Poulden, Chairman of Valereum, commented on the latest announcement.

Gibraltar is one of the fastest-growing crypto regions in the world. The adoption of blockchain technology and digital assets in the country has increased sharply in the past few months.

Crypto and Fiat

According to Valereum, GSX will be the first exchange in the world to create a seamless and fully regulated Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term that links the fiat and crypto markets. Valereum believes that the integration will facilitate crypto holders in portfolio diversification.

"We have grown GSX into an attractive destination for high-grade issuers and have to date admitted over 2,500 securities totaling almost US$5 billion in value. We welcome Valereum's option to acquire an 80% stake in the GSX, and we look forward to contributing towards Valereum's goals,” Nick Cowan, CEO of both the GSX and the GSX Group, said.

The company termed the recent announcement as a major step towards the global adoption of digital assets.