Gibraltar Stock Exchange Creates Joint Venture with 2 Asian Firms to Lead Security Token Adoption

The Gibraltar Stock Exchange (GSX) Group announced a joint venture with Chong Sing Fintech Holdings Limited of Hong Kong stock and Prime Fintech, a blockchain-oriented firm. The new venture is to be called Hashstacs Inc.

Hashstacs will work on the GSX’s latest project, the Securities Trading Asset Classification Settlement (STACS) Protocol.

The latter is expected to play a key role in GSX’s plans to lead blockchain adoption by supporting the development of a public/permissioned blockchain network to handle the issuance, trading, clearing and settlement of digital securities, which also include security tokens.

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