Gibraltar Stock Exchange announces Cyberhub Fintech as a new strategic partner

default
ADVERTISEMENTSBlockchain Expo North America 2019
Evident
Token Agency

Share with:


GSX Group Limited, the parent of GSX Limited, which operates the Gibraltar Stock Exchange, is pleased to announce a new shareholder, Cyberhub Fintech Holdings Limited.

advertisementToken Agency

Following the approval of the Gibraltar Financial Services Commission, Cyberhub Fintech has successfully acquired a strategic ownership stake of the share capital of GSX Group. Cyberhub Fintech is part of the Broctagon Group, one of the most dynamic fintech groups in Asia.

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.

Commenting on the transaction, Nick Cowan, MD of GSX said:

“We are delighted to have Cyberhub Fintech as part of our Group. The transaction clearly demonstrates high confidence in the jurisdiction, despite Brexit, as well as recognition of the Government of Gibraltar’s and the Gibraltar Financial Services Commission’s initiatives to establish Gibraltar as a global fintech hub. Our operational influence and network now extends to Hong Kong and Singapore and we look forward to working with Ben and the team to establish and grow an Asian–European capital markets pathway.”

Benjamin Soh, Chairman of Cyberhub Fintech, expressed that:

“During my numerous visits to Gibraltar this year, I have been deeply impressed by the vision and commitment shown by the Government, the proactivity shown by the regulator and the warm welcome offered to me by all Gibraltar stakeholders. I am incredibly excited for us to now be actively involved in the Gibraltar Stock Exchange’s plans to establish itself as the next generation global exchange”.

The GSX Group owns GSX Limited which operates the Gibraltar Stock Exchange, one of the world’s newest regulated stock exchanges. GSX operates two markets, a regulated Market (the “Main Market”) and an exchange-regulated Market (the “Global Market”). It has established a reputation as a robust yet fast to market regulated platform for a variety of capital market products and is expanding to leverage Gibraltar’s proposed Distributed Ledger Technology regulatory framework.

“The investment in GSX is excellent news both for GSX and Gibraltar and an important vote of confidence in our Jurisdiction,” Commerce Minister Albert Isola commented.

“As Gibraltar moves towards regulating Fintech in its innovative and unique manner, we welcome quality firms to Gibraltar who have already excelled in this space and who will work with us to further develop this sector. These are exciting times with much international interest in our regulatory programme.”

Leave Comments

Share with:


About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles

Facebook Comments

advertisements
Blockchain Partners

Token Agency
global
Tymlez
Blockchain Expo North America 2019
Ammbr Blockchain Technology

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.