It was announced today that the Gibraltar Blockchain Exchange (GBX), a regulated and insured digital asset exchange and token sale platform, and the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange, have entered into discussions with Hydra X, a Singapore-based provider of a high-performance trading platform for both retail and professional traders.
Hydra X offers trading and settlement infrastructure for digital asset financial marketplaces, utilizing Distributed Ledger Technology (DLT) to give users an advanced platform to access a range of markets. As well as portfolio management, the Hydra X platform covers the entire transaction chain across multiple asset classes, including exchange-traded to off-exchange transactions, and the entire pre-trade to post-trade process.
Integration: Hydra X Sigma
A potential partnership could see the integration of Hydra X’s Sigma platform, an advanced multi-asset and multi-venue trading platform, with both GBX and GSX. This will allow users of the GBX and GSX to view prices, perform trades and monitor their portfolios, using the Sigma platform.
[perfectpullquote align=”full” bordertop=”false” cite=”Daryl Low, CEO of Hydra X” link=”” color=”” class=”” size=””]“We are excited about expanding our ecosystem with these potential partnerships. These discussions further demonstrate how Hydra X supports exchange-based trading by allowing seamless transactions and portfolio management across multiple trading venues. We are working to position Hydra X strongly for the rise of security token offerings.”[/perfectpullquote]
The GSX Group
The GSX Group, which includes the GBX and GSX, is building a blockchain-powered ecosystem of companies that provides a full solution suite for issuers and traders in digital assets. Through its latest initiative, the STACS Protocol, the GSX Group aims to transform the traditional financial markets using blockchain technology.
[perfectpullquote align=”full” bordertop=”false” cite=”Nick Cowan, CEO of GSX Group” link=”” color=”” class=”” size=””]“GSX Group is in the business of changing the way issuers and users, both retail and professional, gain access to funding. Through blockchain technology, we have seen a tremendous push towards mass adoption. The nascent technology can redefine the global financial system, providing greater liquidity, transparency, efficiency, and speed. We believe that developing a strong framework that can incorporate those solutions into the capital markets is an exciting prospect. A potential partnership with Hydra X could provide our users with greater opportunities to gain enhanced liquidity and improve the user experience, which is an integral step toward mass adoption. ”[/perfectpullquote]