The Gibraltar Blockchain Exchange (GBX) a regulated, institutional-grade digital asset exchange and token sale platform today announced that ICNQ was now officially part of its Digital Asset Exchange (DAX), which is specifically tailored to cater to professional crypto traders.
ICNQ joins four other tokens that have been listed on the GDX-DAX this year, which are XLM, XRP, TRON and EOS. Iconiq Holding is the developer of the ICNQ token and is no stranger to the GBX-DAX given that it was the firm that sponsored EOS to join the exchange in January 2019.
Today’s announcement is part of a chain of major deals announced by GBX after being awarded its full Distributed Ledger Technology (DLT) license by the Gibraltar Financial Services Commission (GFSC) in November 2018.
Nick Cowan, the Founder and Managing Director of the Gibraltar Stock Exchange (GSX) Group Limited commented that:
I’m pleased to unveil the latest development in our ongoing efforts to provide the most dynamic trading experience possible, with the addition of the ICNQ token to the GBX-DAX. The Iconiq team have a wealth of experience in traditional financial markets and are acutely aware of the importance of accessibility and liquidity — two principles at the heart of our offering. Collaborations with like-minded organisations such as Sponsor Firm Iconiq, are fundamental to achieving greater recognition for our emerging industry.
Patrick Lowry, CEO of Iconiq Holding, the developer of the ICNQ token, said:
We are delighted to extend the reach of the ICNQ token, already delivering new standards of digital asset management. Bringing GBX-DAX users into our ecosystem is a natural next step for us, given our existing status as a GBX Sponsor Firm. The GBX’s secure and insured exchange allows for next level wealth generation, mirroring our own mission and efforts at Iconiq Holding.