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Gibraltar Blockchain Exchange’s DAX lists NEM’s XEM token for trading

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The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, today added NEM’s XEM token to its Digital Asset Exchange (GBX-DAX). XEM was brought to the GBX-DAX by the Sponsor Firm Techemy and will have trading pairs with USD, BTC, and ETH on the GBX-DAX.

Nick Cowan, managing director and founder of the GSX (Gibraltar Stock Exchange) Group Limited said,  “The NEM project is spearheading the drive for mass adoption of blockchain and digital assets by reducing the cost and barriers to entry for established enterprises — a goal that is reflected in our own objectives. The listing of XEM on the GBX-DAX is further demonstration of our commitment to introducing strong, viable trading opportunities to our community of users.”

Nick Cowan

XEM is the native currency of the NEM public blockchain. It is used for transaction payments in order to incentivize the network of public nodes, giving XEM a real fundamental value as the currency of a functioning economy. NEM enables users to quickly and easily create custom assets and NEM’s blockchain platform was designed and coded from the ground up for scale and speed. NEM’s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers.

Fran Strajnar, chairman of Techemy Group said, “Techemy Advisory partnered with GBX last year and we are delighted to see our first sponsorship listing to be such a high calibre asset as XEM. We have been carefully watching the NEM ecosystem and see longevity in their protocol developments and its adoption in the months and years ahead.”

Since obtaining a full DLT Licence from the Gibraltar Financial Services Commission (GFSC), the GBX-DAX became the first regulated and insured digital asset exchange to be owned by a traditional stock exchange, the Gibraltar Stock Exchange (GSX). Users of the GBX-DAX have access to a growing catalogue of high profile digital assets and have the opportunity to participate in the token economy in an environment built upon the good governance and best practices brought over from the EU-regulated GSX.

David Mansell, cofounder and director at NEM Ventures said, “We are delighted to have XEM listed on the GBX, as a regulated exchange, with insurance. It is a great opportunity for the NEM community to trade XEM and safely store their digital assets with confidence. We believe the NEM project is key to bringing about greater blockchain adoption, their core values are aligned with those of GBX and we look forward to building a tokenized future together.”

“As we continue to add to our diverse range of tokens listed on the GBX-DAX, we are identifying the tokens that will bring real value to our community of users, while also accelerating the overarching goals of the GSX Group,” Mr. Cowan said. “We are making steady progress on our roadmap to facilitating global mass adoption of a tokenized economy backed by innovative blockchain technology.”

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