Gibraltar Blockchain Exchange adds support for Stellar lumen (XLM)

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, today announced the addition of Stellar Lumens (XLM) to its Digital Asset Exchange (GBX-DAX). XLM has been brought to the GBX-DAX by Sponsor Firm Rampart Corporate Services, and follows the addition of XRP, EOS, and GBX’s Digital Asset Exchange lists TRON’s TRX tokenTRON in recent weeks.

The Stellar network enables money to move directly between people, companies, and financial institutions quickly and simply. Stellar Lumens (XLM), the native asset of the Stellar network, are a cryptocurrency-based payment solution on a global scale, aiming to make cross-border payments cheaper and more efficient.

Peter Howitt, Founder of Gibraltar based law firm Ramparts, the Sponsor Firm involved in bringing XLM to the GBX-DAX said, “We are delighted to have worked with Kurt and the GBX team and Boris Reznikov of Stellar Partnerships to act as the sponsor firm for Stellar (XLM) on the Gibraltar Blockchain Exchange. Stellar is a great brand with the potential to help bring borderless, safe and low-cost payments to the world and is a great fit for GBX.”

The GBX-DAX is a digital asset exchange built on institutional-grade best practices and good governance, derived from the capital markets experience gained through the GBX’s parent company, the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange. The GBX-DAX platform has been designed to be highly intuitive and easy to use. From strict verification requirements to the listing of a wide range of assets, every aspect of the GBX-DAX works towards creating the most professional and secure trading environment possible.

Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited said, “Already, we have made significant strides in 2019 in delivering on our mission to set the highest standards in institutional-grade token sales, providing our users with the most dynamic trading experience possible. The addition of XLM is another landmark moment for the exchange, as our status continues to rise within the global trading community.”

“I’m pleased to add yet another leading token to the GBX-DAX. XLM tokens are built on the principles of efficiency and speed – the same principles that underpin our efforts here at GSX Group. We have outlined an ambitious roadmap for the year ahead which will see us continue to expand our token listing offering. Adding tokens such as XRP, EOS, TRON, and now XLM this month alone assertively underlines our credentials as a bonafide platform for the trading of high-profile tokens,” concluded Cowan.