Gibraltar Stock Exchange demos blockchain for bond issuance

Yesterday the Gibraltar Stock Exchange (GSX) deployed a demonstration bond issuance with the aim of being one of the exchanges to transform capital markets with blockchain and tokenized securities. The issue was made on the GSX Digital Stock Exchange. Nick Cowan, CEO of GSX, says he plans to “revolutionize the current capital markets model by enabling the listing and trading of digital securities. This is the next significant step in a new paradigm for global finance — opening up new liquidity pools and product”. GSX’s platform is capable of issuing, trading and settling digital securities.

STACS network

The technology that underpins the demo bond is the Securities Trading Asset Clarification (STACS) Protocol. STACS is the product of a joint venture company Hashstacs Inc. in which GSX Group is a shareholder. Last November the new company was announced with fellow investors Hong Kong-listed  Chong Sing Holdings FinTech Group and Cyprus based Prime Fintech.

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