Gibraltar Stock Exchange, 2 Asian Firms Create Joint Venture to Lead Security Token Adoption
Cryptovest
Published Nov 15, 2018 10:56AM ET
Updated Nov 15, 2018 12:20PM ET
Gibraltar Stock Exchange, 2 Asian Firms Create Joint Venture to Lead Security Token Adoption
The Gibraltar Stock Exchange (GSX) Group announced on Wednesday a joint venture with Chong Sing Fintech Holdings Limited, a company listed on the Hong Kong stock exchange, and Prime Fintech, a blockchain-oriented firm. Hashstacs Inc, as the new venture is called, will provide blockchain assistance.
Hashstacs will work on the GSX’s latest project, the Securities Trading Asset Classification Settlement (STACS) Protocol. The latter is expected to play a key role in GSX’s plans to lead blockchain adoption by supporting the development of a public/permissioned blockchain network to handle the issuance, trading, clearing and settlement of digital securities, which also include security tokens.
Other GSX initiatives that will fall under Hashstacs’s responsibility are the creation of a new e...
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