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Gibraltar Blockchain Exchange adds OST token

Tony Zerucha

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The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, today announced the addition of the OST token to its Digital Asset Exchange (GBX-DAX). OST has been brought to the GBX-DAX by sponsor firm KR1, and represents the sixth new token that has been listed on the exchange since the beginning of 2019.

“The addition of OST to the GBX-DAX continues this extensive phase of activity we have been experiencing since receiving our full DLT license from the Gibraltar Financial Services Commission (GFSC) in November 2018,” GSX Group founder and managing director Nick Cowan said. “Extending access to quality tokens has been among our core ambitions since day one, while also providing a high-powered, secure trading experience for users. The OST project is a perfect fit within these parameters, and we are excited to introduce the OST token to our growing community.”

Nick Cowan

OST was founded to accelerate the incorporation of blockchain technology into mainstream business practices, enabling businesses to deploy their own branded crypto-backed token economies without needing to know custom code on Ethereum smart contracts. It is the simple token that allows any kind of business to tokenize their assets. The OST protocol supports the token economies in mainstream consumer applications.

“Widespread availability of OST is critical to our plans to bring blockchain to the mainstream, and for us to reach companies and developers who want to make use of the OpenST Protocol and OST software,” OST CEO Jason Goldberg said. “Listing on GBX is a great step towards empowering an even broader set of mainstream businesses and consumers to embrace and benefit from blockchain.”

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.

Keld van Shrevenrom, Co-Founder of KR1, the Sponsor Firm bringing OST to the GBX-DAX commented, “OST is one of the most credible companies globally building out blockchain with real businesses. OST partner projects have an audience size of 400 million users. In the blockchain space that is significant. We expect to see many well known global names work with OST on executing blockchain in the future and because of this we remain very bullish on the OST token.”

“At the GSX Group, we have our finger on the pulse of the global blockchain ecosystem,” Mr. Cowan added. “One strand of our evolution has been fueled by a deep appreciation of the expectations of traders, as well as the regulatory framework that we adhere to. The respective missions of the GSX Group and the OST team have many intersecting points of interest, particularly when it comes to widening the accessibility of digital assets and blockchain technology globally. I look forward to continuing this work in the months ahead with renewed vigor.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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