On 5th April Gibraltar Blockchain Exchange (GBX) has announced a Hashstac, a subsidiary of the Gibraltar Stock Exchange Group (GSX Group), has partnered with Singapore-based technology company STO Global-X to facilitate the issue of tokens.
GSX Group’s subsidiary Hashtacs Inc. associated STO Global-X can collectively launch an integrated Tokenized Securities Exchange product that may supposedly enable stock exchanges and alternative qualified financial institution to tokenize assets and boost trading, clearing and subsiding of digital securities.
Further, the release explains that “The collaboration aims to integrate STO Global-X’s tokenization platform and exchange technology with Hashstacs’ Securities Asset Trading Classification Settlement (STACS) Network. The solution will include an institutional-grade security token exchange and trading platform complete with multi-factor authentication and military-grade encryption,”
Last December, the GBX — that is another subsidiary of the GSX — declared that it’s providing insurance on all of the assets listed on its platform through the partnership with native firm Callaghan Insurance Brokers. The police stated that “all assets in the custody of the GBX are fully insured, including both hot and cold wallets,” and it also “covers all forms of professional indemnity.”
GBX was launched in the month of last year and raised a total of $27 million in funding. Over the past 24 hours, the exchange registered concerning $1.5 million in trades, presently putting it in 126th place on CoinMarketCap’s exchange rankings by adjusted trade volume.