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.
“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