The Gibraltar Blockchain Exchange (GBX) has announced that it has added Stellar Lumens (XLM) to its Digital Asset Exchange (GBX-DAX).
GBX has been granted a full license as a provider of Distributed Ledger Technology (DLT) from the Gibraltar Financial Services Commission (GFSC) under Gibraltar’s Financial Services Regulations 2018 DLT framework two months ago.
Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited commented:
Already, we have made significant strides in 2019 in delivering on our mission to set the highest standards in institutional-grade token sales, providing our users with the most dynamic trading experience possible. The addition of XLM is another landmark moment for the exchange, as our status continues to rise within the global trading community.
Peter Howitt, Founder of Gibraltar based law firm Ramparts, the Sponsor Firm involved in bringing XLM to the GBX-DAX, added:
We are delighted to have worked with Kurt and the GBX team and Boris Reznikov of Stellar Partnerships to act as the sponsor firm for Stellar (XLM) on the Gibraltar Blockchain Exchange. Stellar is a great brand with the potential to help bring borderless, safe and low-cost payments to the world and is a great fit for GBX.
I’m pleased to add yet another leading token to the GBX-DAX. XLM tokens are built on the principles of efficiency and speed – the same principles that underpin our efforts here at GSX Group. We have outlined an ambitious roadmap for the year ahead which will see us continue to expand our token listing offering. Adding tokens such as XRP, EOS, TRON, and now XLM this month alone assertively underlines our credentials as a bonafide platform for the trading of high-profile tokens,” concluded Cowan.