Gibraltar Stock Exchange (GSX) announced yesterday it is launching blockchain-based securities on its GSX Global Market platform.
Starting today, GSX will offer its clients a wide range of new tokenized products: derivatives, corporate bonds, open and closed funds, convertible bonds and asset-backed securities.
According to GSX, the use of blockchain technology will allow it to offer greater liquidity funds and ease the democratization of capital markets.
GSX Global Market offers reduced timelines and listing costs compared to the traditional exchange platform.
GSX has also announced that companies from outside the EU, Iceland, Liechtenstein and Norway (European Economic Area) and Switzerland can now apply for membership, which means that licensed financial services companies from most jurisdictions have the possibility to join the GSX.
The Gibraltar Financial Services Commission (GFSC) granted GSX's blockchain subsidiary, the Gibraltar Blockchain Exchange (GBX), its license in November last year.
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