The Gibraltar Stock Exchange and Bitbond Plan Future Cooperation
The GSX is pleased to announce plans for future collaboration with Bitbond, the global business lending platform. We see the Bitbond team as true pioneers when it comes to listing security tokens that can be traded by the general public. Bitbond, as the parent of Bitbond Finance, is the issuer of Germany’s first Security Token approved by the national financial regulator. As a global lending platform for small business loans, the company leverages blockchain technology to connect creditworthy borrowers with individual and institutional investors from over 120 countries.
In order to offer the trading of tokenised securities, exchanges have to fulfil a number of regulatory requirements and provide the necessary technical infrastructure. We are hard at work to make this happen at GSX, utilising our blockchain technology solution, the STACS Network.
Since becoming one of the world’s first stock exchanges to offer the listing of digital debt and fund securities on the blockchain, we have been on a mission to accelerate the development of the global security token ecosystem. Engaging in future collaboration with Bitbond ties in with our goal to bridge the gap between traditional finance and the developing blockchain industry.
To provide some background to the Bitbond token, the company’s BB1 tokens have received an ISIN (DE000A2TR7Q2) provided by the WM Gruppe. The tokens have a face value of one Euro and could be purchased by interested investors until early July. BB1 was the first token with a prospectus approved by national financial regulator, BaFin. The tokens allow investors to participate in the success of the business loans brokered by Bitbond. BB1 has a maturity of 10 years, but can be bought and sold throughout this term after trading commences.
The funds raised in the BB1 token offering serve two purposes. First, capital will be used for Bitbond’s core business of providing working capital financing to small business owners. Additionally, Bitbond will further develop its global platform for business loans. This includes advancing innovations in the fields of blockchain-based payments and automated credit scoring.
One of the core objectives of the GSX Group is to provide a full suite offering for companies trying to list digital securities. With this in mind, we have been committed to collaborating with platforms that share our ambition for a blockchain-powered financial ecosystem. Bitbond share this ambition, and we look forward to the exciting collaborations that lie ahead.
About Gibraltar Stock Exchange Group (GSX Group)
The GSX Group comprises the Gibraltar Stock Exchange (GSX), Gibraltar Blockchain Exchange (GBX), Juno Services, and the Blockchain Innovation Centre (BIC). The Group’s ecosystem of companies aims to establish a new era of blockchain powered finance, by providing a full-service suite to its clients. From an early stage, the Group has adopted a leadership role in establishing new industry standards for the blockchain industry, as part of a global initiative to introduce best practices and institutional-grade standards to token sales, and the burgeoning token economy. The efforts of the GSX Group are helping to bridge the gap between traditional finance and the developing blockchain industry, facilitating the move towards mass adoption and institutional participation.
To find out more about Gibraltar Stock Exchange, visit:
Website: https://GSX.GI/
Twitter: https://twitter.com/GibStockEx
LinkedIn: https://www.linkedin.com/company/gsx-limited/
Facebook: https://www.facebook.com/gsxlimited
Instagram: https://www.instagram.com/gibraltar_stock_exchange/
