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Gibraltar Blockchain Exchange lists Ripple’s XRP on GBX-DAX

Wed, 09 Jan 2019, 11:05 am UTC

The Gibraltar Blockchain Exchange (GBX) has announced that it has added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX).

Launched in October 2017 by the Gibraltar Stock Exchange (GSX), GBX is an institutional-grade, regulated and insured token sale platform and digital asset exchange. In November 2018, it received a full license as a provider of distributed ledger technology (DLT) from the Gibraltar Financial Services Commission (GFSC) under Gibraltar’s Financial Services Regulations 2018 DLT framework.

According to the official release, GBX-DAX, a digital asset exchange , currently has a total of 11 listed tokens.

Commenting on the latest support for Ripple’s XRP token, Nick Cowan, Managing Director and Founder of GSX (Gibraltar Stock Exchange) Group Limited, said:

“Ripple is a major player within the blockchain industry. In ways similar to our work at the GSX Group, it aims to re-shape the old methods of finance and banking, transforming payments through blockchain technology. XRP is a globally traded token and by joining the GBX-DAX it further extends its liquidity and reach.”

GBX said that the GBX-DAX has been built on institutional-grade best practices and good governance, derived from the capital markets experience gained through, the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange.

“In November last year, we were granted a full licence to operate by the Gibraltar Financial Services Commision (GFSC) and, following this, we introduced insurance coverage for assets listed on the GBX-DAX. As we move into 2019, we plan to build on this momentum with new digital assets listed on the GBX-DAX, with Ripple as the first of these new tokens,” Cowan added.

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