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Policy to cover both hot and cold wallets;
GBX License granted by the regulator recently
Gibraltar – 11 December 2018 – The Gibraltar Blockchain Exchange (GBX), a world-class institutional token sales platform and cryptocurrency exchange, today announced an insurance coverage policy in partnership with Callaghan Insurance, a Gibraltar-based company. Insurance coverage ensures that assets listed on the GBX Digital Asset Exchange (GBX-DAX), a secondary exchange for trading digital assets, can be insured.
Speaking of today's announcement, Nick Cowan, CEO of Gibraltar Blockchain Exchange, said: "We are pleased to announce the introduction of GBX-DAX insurance coverage, which is an important step to attract users who they require strict guarantees on the safety of their resources, this offer is only possible thanks to the trust deriving from the fact that GBX has always been committed to building a platform focused on the highest regulatory standards and on the most rigorous due diligence processes ".
The coverage ensures that the assets in custody of GBX can be insured, including both hot and cold wallets. This means that assets can be covered for users, providing additional reassurance to a wide variety of operators about security and transparency.
"I am pleased that Callaghan has been able to provide, after much research and collaboration with the London insurance market, a specific coverage option that is suitable for the purpose that offers our clients and the jurisdiction the protection necessary to advance with security in the DLT arena, "said Bruno Callaghan, CEO of Callaghan Insurance Brokers.
The Callaghan Insurance Group, in collaboration with its partners Paragon Insurance Brokers, has a proven track record of working to make Gibraltar known as a destination for companies wishing to benefit from world-class DLT (Distributed Ledger Technology) regulations, introduced in January 2018 Callaghan aims to ensure that adequate insurance coverage is available for blockchain-based innovative companies, playing a vital role in the area of jurisdictional services.
"The partnership with Callaghan Insurance highlights the unremitting efforts of companies and regulators in Gibraltar to provide a sustainable environment for the development of the blockchain." At the start of this year, Gibraltar was the first jurisdiction to Introducing a regulatory framework built specifically for DLT, and this month GBX has obtained a full license to operate from Gibraltar Financial Services Commision (GFSC) We are thrilled to highlight this tradition of collaborative development as Gibraltar consolidates itself as the home of 39, sustainable blockchain innovation ", concluded Cowan.
For more information, visit https://exchange.gbx.gi/
Nick Cowan, CEO of GBX, is available for interviews on request
Contact with the media:
Liam Murphy
Senior Account Supervisor // Wachsman
+353 87 119 2107 // [email protected]
About GBX:
The Gibraltar Blockchain Exchange (GBX) is a world-class token token sales platform and Digital Asset Exchange which is part of the GSX Group, which also includes the Gibraltar Stock Exchange (GSX), a stock exchange regulated by the Union European (EU). The GBX is a sales springboard and global sales token for utility tokens that have met a rigorous due diligence and admissions process, as well as an exchange of high quality digital resources. The GBX is setting a higher standard for issuing and token trading through best practice and good governance, for the benefit of all market participants.
About Callaghan Insurance:
An independent company, Callaghan Insurance Brokers is fully committed to serving customers with carefully formulated and accurate insurance services. The Callaghan Insurance Group in collaboration with its partners, Paragon Insurance Brokers, has and continues to work tirelessly to inform London underwriters, not only on the DLT and Gibraltar regulations as jurisdiction, but also on the individual risks associated with each company looking for # 39; business insurance solutions to ensure adequate coverage for the purpose are available for those companies that are installed in Gibraltar. Regulated by the Gibraltar Financial Services Commission, Callaghan Insurance Brokers Limited fully meets the requirements of the 1989 Financial Services Ordinance.
