The Gibraltar Stock Exchange Group (GSX Group) via its fin-tech subsidiary Hashstacs and Singapore-headquartered STO Global-X announced today the beginning of collaborations. STO Global-X ‘s end-to-end securities tokenization platform and exchange solution will be integrated with the GSX Group’s Securities Asset Trading Classification Settlement (STACS) Network.
The turnkey ‘DLT Exchange-in-a-Box’ solution will enable Stock Exchanges, Investment Banks, Brokers/Dealers, and other qualified financial institutions to instantly offer the tokenization of assets and facilitate the seamless trading, clearing and settling of these digital securities.
The collaboration aims to integrate STO Global-X’s tokenization platform and exchange technology with Hashstacs’ Securities Asset Trading Classification Settlement (STACS) Network. The solution will include an institutional-grade security token exchange and trading platform complete with multi-factor authentication and military-grade encryption. Designed to transform capital markets with Distributed Ledger Technology (DLT), the underlying STACS Network, a unique public/permissioned hybrid global blockchain will support the issuance, trading, clearing and settling of digital securities while enforcing the best standards accepted by regulators in an open, transparent, and inclusive environment.
“As interest in tokenized 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.”, commented Nick Cowan, CEO of the GSX Group.
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 tokenized securities paradigm.”