The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has today added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX).
The GBX-DAX is a digital asset exchange built on institutional-grade best practices and good governance, derived from the capital markets experience gained through the GBX’s parent company, the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange. The GBX-DAX platform has been designed to be highly intuitive and easy to use. From strict verification requirements to the listing of a wide range of assets, every aspect of the GBX-DAX works towards creating the most professional and secure trading environment possible.
Nick Cowan, Managing Director and Founder of GSX (Gibraltar Stock Exchange) Group Limited, said, “Ripple is a major player within the blockchain industry. In ways similar to our work at the GSX Group, it aims to reshape the old methods of finance and banking, transforming payments through blockchain technology. XRP is a globally traded token and by joining the GBX-DAX it further extends its liquidity and reach.”
Ripple was created to bridge digital asset exchanges, payment providers, and banks via RippleNet for frictionless money transfers globally. RippleNet utilizes advanced blockchain technology, boasting scalability and interoperability between networks. XRP, the digital asset used within the Ripple ecosystem, is a source of liquidity for their customers, which include major institutions such as Santander, Standard Chartered, and American Express.
“In November last year, we were granted a full license to operate by the Gibraltar Financial Services Commision (GFSC) and, following this, we introduced insurance coverage for assets listed on the GBX-DAX. As we move into 2019, we plan to build on this momentum with new digital assets listed on the GBX-DAX, with Ripple as the first of these new tokens,” concluded Cowan.
