Techemy Joins the GBX Sponsor Firm Committee
We are pleased to announce that Techemy is the latest addition to the Sponsor Firm network of the Gibraltar Blockchain Exchange (GBX). This strategic partnership with GBX allows us to contribute to the promotion of financial best practices and regulatory compliance in token issuance and trading, working together with like-minded blockchain companies to advise projects associated with its institutional-grade token sale platform GBX-GRID.
For the accelerated growth of the international blockchain and digital assets sector, additional scrutiny is needed to develop a broad industry ecosystem. Techemy is excited to provide our expertise as a GBX Sponsor Firm, managing the application and listing processes for token sales launched on the GBX platform.
As we reach a new stage in the digitisation of value, the blockchain industry is at a crossroads. While the industry continues to mature, it is imperative that trusted organisations and industry veterans ensure that the ecosystem develops in a compliant and sustainable manner. It is necessary to forge our own institutional-grade standards and best practices, and this will require leadership and guidance from international experts, which is precisely what the GBX Sponsor Firm network is trying to make accessible.
Providing due diligence and KYC procedures on the GRID platform also allows us to strengthen GBX’s efforts to garner increased recognition of institutional actors of the potential of token sales and crypto assets within the digital economy. Techemy recognizes the GRID platform as a significant key enabler in providing support and expertise to blockchain-based companies launching token sales, and guiding these companies as a Sponsor Firm reinforces our goal of supporting the growth and adoption of blockchain technology on an industry level.
We have been working with GBX since December of last year when we announced the founding of the Millbrook Accord together, a working group formed by key drivers of the security token movement. The Millbrook Accord is behind the recently-launched Verified Token Framework, which aims to provide practical solutions when it comes to navigating jurisdictions and ensuring compliance among token holders, exchanges, and platforms within the complex security token market. As a newly minted GBX Sponsor Firm, we greatly look forward to working with GBX in enhancing its GRID platform and guiding blockchain companies towards successful token sales.
