Hashstacs Powers GSX’s Listings of Blockchain-Based Securities
One of Hashstacs’ Live Clients: Gibraltar Stock Exchange’s (GSX) can list blockchain-based securities on GSX Global Market.
By applying distributed ledger technology (DLT), Hashstacs intends for exchanges to enable greater liquidity pools. The firm aims to help democratise the capital markets.
Developed by the Singapore-based blockchain firm Hashstacs, the Securities Trading Asset Clearing and Settlement (STACS) Project can list digital representations of funds and debts on blockchain.
Digital, smart or tokenised securities such as corporate bonds, convertible bonds, asset-backed securities, derivative securities, open-ended funds and closed-ended funds — Hashstacs enables GSX to list a number of such new asset classes.
As such, stock exchanges and other qualified financial institutions can tokenise assets while boosting the trading, clearing and settling of digital securities.
Looking back at March 2019, Hashstacs’ live client GSX successfully deployed a GSX Digital Stock Exchange Prototype on STACS blockchain, and issued a demo bond on its basis. As a recognised stock exchange regulated in the European Economic Area (EEA), the new GSX listings would be cover a wide range of asset classes for issuers and investors.
This article originally appeared on: https://cointelegraph.com/news/gibraltar-stock-exchange-launches-listings-of-blockchain-based-securities
Hashstacs is in a unique position to truly create a global marketplace for digital assets through inclusive collaboration. Established by a team of market-proven professionals from Tier-1 finance and technology firms, its proprietary STACS Network distributed ledger technology is designed specifically for Finance. Its connected network of partner financial institutions, comprising of stock exchanges, banks, issuers, funds, dealer-brokers, investment banks and various market participants, is building the future of capital markets together today.