XRP, the proprietary digital asset of U.S.-based tech company Ripple, has recently been listed on the Gibraltar Blockchain Exchange’s (GBX) Digital Asset Exchange (GBX-DAX).
According to a press release published January 9, regulated token sale platform GBX has just included XRP on its GBX-DAX and is now available for trading on the exchange.
As GSX (Gibraltar Stock Exchange) Group Limited founder and managing director Nick Cowan highlighted in the release:
“Ripple is a major player within the blockchain industry. In ways similar to our work at the GSX Group, it aims to re-shape 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.”
With a mission to bridge the gap between crypto exchanges, payments providers, and financial institutions, RippleNet was originally created in an effort to provide a platform capable of facilitating frictionless cross-border money transfers by leveraging on blockchain technology, thereby improving scalability and interoperability across networks. To provide liquidity, Ripple has also introduced XRP to its existing customers, including American Express, Standard Chartered, as well as Santander.
The GBX-DAX is one of the world’s most trusted institutional-grade digital asset trading platform anchored on good governance and best practice adopted from GBX’s parent company, the Gibraltar Stock Exchange (GSX). Touted for its streamlined and exceptionally intuitive facilitation of digital assets trading, the GBX-DAX offers a wide range of assets and sets strict verification requirements, in an effort to provide a more secure and professional digital asset exchange.
As Cowan concluded:
“In November last year, we were granted a full licence 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.”