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Valereum to accelerate its acquisition of 90% of the Gibraltar Stock Exchange (GSX)

Gibraltar's crypto ecosystem is extremely strong and one of the most developed in the world. Gibraltar already houses crypto exchanges, custodians, funds, banks, token issuers and foundations. It also boasts an industry association (Gibraltar Association for New Technologies - GANT), a startup hub (Startup Grind Gibraltar) and a skilled workforce comprising of regulators, lawyers, accountants, bankers, compliance officers and other professionals.

What Gibraltar is in need of is: 1) a security token exchange, and 2) a coordinated group of angel investors and funds.

GSX, through its strategic partnership with Valereum, is looking to create a seamless and fully regulated bridge that links the fiat and crypto markets. If GSX can become an international powerhouse, this will propel Gibraltar to the next level and keep the jurisdiction ahead of the curve as a premier crypto hub.

There will be many hurdles to overcome, such as integrating with the traditional clearing and settlement houses but, where there is a will there is a way, and Gibraltar (i.e. the Government, the regulator and the industry) has always shown to be forward thinking and the best platform from which to take-off.

"We look forward to working with the GFSC to realise this vision for Gibraltar." - Richard Poulden, Chairman of Valereum.

Tags

blockchain, dlt, gibraltar, financial services

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