Blockchain Firm Valereum Acquires 90% of Gibraltar Stock Exchange

Blockchain Firm Valereum Acquires 90% of Gibraltar Stock Exchange
Blockchain firm Valereum is acquiring 90% of the Gibraltar Stock Exchange (GSX) Group in a move to build a fully regulated, integrated fiat and digital exchange, the firm announced Friday.Valereum announced in October that it was on track to acquire 80% of GSX but has now increased its ownership to 90%. Financial terms of the acquisition were not disclosed.The acquisition is subject to approval by the Gibraltar Financial Services Commission (GFSC), which regulates the financial services industry in Gibraltar.Once the acquisition is approved, Valereum said it plans to “establish the GSX as one of the world’s first fully regulated, integrated…