Gibraltar Stock Exchange Subsidiary Partners With Tokenization Platform
Hashstac, a subsidiary of the Gibraltar Stock Exchange Group, has partnered with Singapore-based technology company STO Global-X to facilitate the issuance of tokens. The development was announced by the Gibraltar Blockchain Exchange on April 5.
GSX Group’s subsidiary Hashtacs Inc. and STO Global-X will jointly launch an integrated Tokenized Securities Exchange product that will purportedly allow stock exchanges and other qualified financial institutions to tokenize assets and boost trading, clearing and settling of digital securities.
“The collaboration aims to integrate STO Global-X’s tokenization platform and exchange technology with Hashstacs’ Securities Asset Trading Classification Settlement Network. The solution will include an institutional-grade security token exchange and trading platform complete with multi-factor authentication and military-grade encryption,” the release further explains.