Share this article
Gibraltar Stock Exchange Plans Blockchain-Powered Trading System
Gibraltar's primary securities exchange has revealed a plan to "fully integrate" blockchain into its trading and settlement systems.
By Wolfie Zhao
Updated Sep 14, 2021, 1:57 p.m. Published Aug 3, 2017, 12:00 p.m.
Gibraltar's primary securities exchange has revealed a plan to "fully integrate" blockchain into its trading and settlement systems.
To help with the integration, the Gibraltar Stock Exchange (GSE) also announced a strategic partnership with a firm called Cyberhub Fintech, which has become a shareholder in the exchange as part of the deal.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"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.
Few details on the integration have yet to be released, however. A representative for the GSE did not immediately respond to CoinDesk's questions about the announcement.
Past reports show that GSE has past experience with blockchain technology. Just over a year ago, the exchange announced the launch of an exchange-traded instrument (ETI) tied to the price of bitcoin.
The government of Gibraltar – a British Overseas Territory – has also moved to put in place guidelines for blockchain use. This May, the Ministry for Commerce released a draft proposal focused on blockchain regulations for public comment.
Rock of Gibraltar image via Shutterstock
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
