Valereum Blockchain wants to create world’s first crypto-friendly stock exchange

London-listed blockchain technology group announces signing of an agreement to purchase 80% of the Gibraltar Stock Exchange

Valereum Blockchain Plc, a blockchain technology group, today announced that it plans to create the world’s first exchange where shares and bonds can be bought with cryptocurrencies.

The Gibraltar based company reached an agreement today to purchase 80% of Gibraltar Stock Exchange (GSX).

The Global Stock Exchange Group, current owner of the GSX, will retain the remaining 20% shareholding. Valereum has an option on 20% of the Global Stock Exchange Group.

Valereum’s plans are for the GSX to accept all major cryptocurrencies including Bitcoin, Dogecoin, Cardano, Ethereum and Tether – which it will treat just like any other fiat currency, such as the US dollar or pound sterling.

The exchange will give crypto holders the ability to have direct access to a verifiable holding in fiat securities, as well as giving listed instruments on the GSX access to a regulated pool of cryptocurrencies, the company said.

Richard Poulden, chairman of Valereum, said, “This deal represents the next stage in the evolution of digital assets becoming globally accepted and tradeable.”

“It brings crypto closer to the mainstream and opens it up to be used in transactions with other asset classes.”

This news is republished from another source. You can check the original article here.

Be the first to comment

Leave a Reply

Your email address will not be published.