Cyberhrub Fintech Holdings is the newest shareholder in GSX Group Ltd., the parent company GSX Ltd., operators of the Gibraltar Stock Exchange. The deal becomes official once approved by the Gibraltar Financial Services Commission.
“We are delighted to have Cyberhub Fintech as part of our Group,” GSX MD Nick Cowan said. “The transaction clearly demonstrates high confidence in the jurisdiction, despite Brexit, as well as recognition of the Government of Gibraltar’s and the Gibraltar Financial Services Commission’s initiatives to establish Gibraltar as a global fintech hub. Our operational influence and network now extends to Hong Kong and Singapore and we look forward to working with Ben and the team to establish and grow an Asian–European capital markets pathway.”
Cyberhub Fintech is part of Asian fintech organization Broctagon Group.
“During my numerous visits to Gibraltar this year, I have been deeply impressed by the vision and commitment shown by the Government, the proactivity shown by the regulator and the warm welcome offered to me by all Gibraltar stakeholders,” Cyberhub Fintech chairman Benjamin Soh said. “I am incredibly excited for us to now be actively involved in the Gibraltar Stock Exchange’s plans to establish itself as the next generation global exchange”.
In a statement GSX spokesperson said the investment signals the Gibraltar Stock Exchange’s continued commitment to expand its capital markets network and influence in Asia as well as its ambition to become one of the world’s first regulated exchanges to fully integrate use of blockchain into its operational processes from ICO to IPO.