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GATE Community GSX Sale

25 October 2021 by In News

Dear GATE Community,

We have an update for you regarding the Gibraltar Stock Exchange  (GSX), our traditional technical listing exchange.

Valereum Blockchain Plc (AQSE: VLRM), (“Valereum”), a Gibraltar-based blockchain technology group, listed on Aquis Exchange, has signed an option to purchase up to 80% of the Gibraltar Stock Exchange (“GSX”). The GSX Group, current owner of the GSX, will retain the remaining 20% shareholding and Valereum has an option on 20% of the Global Stock Exchange Group.

In connection with the exercise of the option, Valereum will seek approval from the GFSC to establish the GSX as a regulated, integrated fiat and digital exchange. Operating under the assumption that the option will be fully exercised, we have commenced discussions with Valereum to explore delivering our front-to-back trading and clearing functionality via our GATENet technology.

Whereas we have grown GSX into an attractive destination for high grade issuers with over 2,500 securities totalling almost US$5 billion in value being admitted, we firmly believe this is a hugely positive development for both GSX and Gibraltar.

This is potentially great news for the GATE community – if Valereum’s objectives for GSX come to fruition, GSX will be converted from a technical listing exchange to an integrated fiat and digital asset trading exchange to add to our growing network of exchanges. You can read the full announcement here: Aquis Exchange RNS

Kind regards,
Nick