Crypto firm eyes deal for Gibraltar Stock Exchange in move that would enable investors to buy securities using bitcoin

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A cryptocurrency company is on track to purchase the Gibraltar Stock Exchange (GXS).

Valereum Blockchain, a Gibraltar-based blockchain technology group, has signed an option to snap up 80 per cent of the GSX.

If given the green light by regulators, Valereum claims it would establish the world’s first fully regulated integrated fiat and digital exchange, where investors could buy securities using bitcoin, ethereum, dogecoin, cardano and stablecoin tether.

On the cards: Valereum Blockchain has signed an option to snap up 80% of the Gilbraltar Stock Exchange

No crucial details like price have been disclosed. Valereum said in a statement: ‘As with many exchange transactions the full details remain confidential.’

Valereum’s Mr Poulden, said: ‘This deal represents the next stage in the evolution of digital assets becoming globally accepted and tradeable.

‘If Valereum Blockchain wins approval from the GFSC to purchase the Gibraltar Stock Exchange, it would mark a huge moment in history for the digital asset industry.

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Valereum Blockchain wants to create world’s first crypto-friendly stock exchange

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