Gibraltar Stock Exchange Integrates STGX Tokenization Platform

Gibraltar Stock Exchange Integrates STGX Tokenization Platform

The end-to-end platform includes a turnkey solution to put real-world assets into ownership on the blockchain.



By Aziz Abdel-Qader

The Gibraltar Stock Exchange (GSX) has integrated STGX’s ‘DLT Exchange-in-a-Box’ solution as it aims transform domestic capital markets with blockchain and tokenized securities.

STO Global-X (STGX) is a Singapore-based startup, which enables different marketplaces to tokenize securities and facilitate the virtual ownership and trading of physical assets using digital tokens. The end-to-end platform includes a turnkey solution to put real-world assets into fractional ownership on the blockchain, while offering investors a digital investment venue.

The collaboration was made through GSX’s Fintech arm, Hashstacs, and will see the unit integrating STO Global-X’s tokenisation platform and exchange technology with its Securities Asset Trading Classification Settlement (STACS) Network. This brings the GSX a step closer to its ambition of enabling the issuance, trading, and clearing of digital securities on the blockchain.

STO exchanges will radically transform capital markets
The exchange operator said that more features, as well as other digital asset classes, will be forthcoming in the following weeks. The integrated solution also supports KYC/AML requirements and the use of smart contracts, which will sit as the base layer technology for security tokens created through STGX’s issuance platform.

Gibraltar’s financial services watchdog has been active recently in providing its bespoke license for blockchain firms using distributed ledger technology. Attracting blockchain startups is seen as one way of bolstering Gibraltar’s thriving financial services industry after the self-governing territory, along with the UK, will leave the EU later this year.

Commenting on the news, Nick Cowan, CEO of the GSX Group, said: “As interest in tokenised securities continues to grow globally, we are glad to partner with STO Global-X to create and offer institutions a powerful technology platform to issue, manage & trade securities on DLT. We view this as the bedrock towards supporting other traditional financial functions in the areas of treasury, wrapped products and more.”

Floyd DCosta, CEO at STO Global-X added “Operating at the junction of traditional finance and innovative financial technologies, security token exchanges will radically transform the capital markets world. We are eager to work with institutions like the GSX Group to build the necessary infrastructure and lead in this new digital tokenised securities paradigm.”


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What is a Utility Token?


Utility tokens are simply app coins or user tokens. They enable future access to the products or services offered by a company. Therefore, utility tokens are not created to be an investment.


Just like an electronics dealer might accept orders for a video game that will be released several months later, a startup can create utility tokens and sell digital coupons for the services or products it is developing.

What is a Security Token?


A security token is a digital asset that derives its value from an external asset that can be traded. Therefore, these tokens are subject to federal laws that govern securities. Failure to comply with these regulations could result in severe consequences including penalties and potential derailment of the development of a project.


Security tokens can offer a vast array of applications if the startup abides by all the regulatory requirements. The most promising of these features is the ability to offer tokens as a digital representation of shares of a company’s stock.