GSX Group unveils smart security platform for tokenized assets, GRID to help enterprises future-proof their business from legacy systems.
Gibraltar Stock Exchange (GSX) offers end-to-end financial solutions to bridge the gap between traditional and digital markets through integrated proprietary blockchain technology solutions and open up direct access to ownership, value, and liquidity pools. Founded in 2014, GSX operates an EU regulated market and an MTF (global market) and is licensed by the Financial Services Commission of Gibraltar.
The financial service group announced the launch of a smart security platform, GRID, for tokenization and issuance of digital securities such as equities, debt, and funds. Trading venue GRID is built on the company’s Native STACS blockchain protocol designed for securities and powered by the GATE token. GRID is equipped with unique capabilities that boost issuance and distribution speed, reduces cost and complexities, and eliminates intermediaries.
Nick Cowan, CEO of the GSX Group, saidOpens a new window , â€œWe have worked diligently over the past year, building a unique service offering with our own technology solution for capital markets. As a venue to create and deploy securities in tokenized form, the GRID will provide the perfect venue for issuers to make the jump into what we call â€˜Smart Securities’ as we push to redefine how those securities are traded, settled, and cleared using our bespoke blockchain.â€
Currently launched in Estonia, GRID facilitates issuers to gain access to the innovative blockchain performance and protect their business from legacy systems.
â€œThis is the first stage of a multi-tiered approach and overarching strategy that we’re excited to start unveiling to the world. We are well on our way to delivering a true fintech solution to drive capital markets forward into a new era defined by increased efficiencies, the removal of unnecessary counterparty risk, and unprecedented access to global liquidity pools,â€ said Cowan.