Gibraltar Stock Exchange Plans Blockchain-Powered Trading System

Gibraltar's primary securities exchange has revealed a plan to "fully integrate" blockchain into its trading and settlement systems.

AccessTimeIconAug 3, 2017 at 12:00 p.m. UTC
Updated Sep 14, 2021 at 1:57 p.m. UTC

Gibraltar's primary securities exchange has revealed a plan to "fully integrate" blockchain into its trading and settlement systems.

To help with the integration, the Gibraltar Stock Exchange (GSE) also announced a strategic partnership with a firm called Cyberhub Fintech, which has become a shareholder in the exchange as part of the deal.

"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," the GSE said in a statement.

Few details on the integration have yet to be released, however. A representative for the GSE did not immediately respond to CoinDesk's questions about the announcement.

Past reports show that GSE has past experience with blockchain technology. Just over a year ago, the exchange announced the launch of an exchange-traded instrument (ETI) tied to the price of bitcoin.

The government of Gibraltar – a British Overseas Territory – has also moved to put in place guidelines for blockchain use. This May, the Ministry for Commerce released a draft proposal focused on blockchain regulations for public comment.

Rock of Gibraltar image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.