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Jr. MemberActivity: 248Merit: 1 Re: [ENDED]GBX-The Crypto Harbour.Gibraltar-based Crypto Exchange&Token Platform December 10, 2018, 05:00:28 PM #1299 Dear GBX Community,



I wanted to update you on the STACS Protocol as well as providing an update on the GSX.



As announced recently, the GSX Group has entered into a joint venture with the Hong Kong publicly listed company, Chong Sing Fintech Holdings Limited, and blockchain development company, Prime Fintech Co. Ltd, establishing Hashstacs Inc. to assist in the development of blockchain technologies.



Hashstacs Inc. is developing the Securities Trading Asset Classification Settlement (STACS) Protocol which will play a pivotal role, creating a unique public/permissioned hybrid global blockchain that will support the issuance, trading, clearing, and settling of digital securities. It will provide a scalable ledger network layer that seamlessly stacks on top of existing financial institutions and enables the tokenisation of the complete financial industry with zero inertia. The hybrid architecture maintains enterprise autonomy, while utilising revolutionary blockchain technology to create tangible and accelerated digitised financial services, adhering to the strictest regulatory standards.



Following my trips to Asia, UK, and New York, I can tell you that the response from everyone has been incredible. I am pleased, therefore, to publish our technical whitepaper which details the protocol technology, as well as the staking and rewards mechanisms that will form a vital part of the STACS token utility. You can find and download the whitepaper here



Regarding the Gibraltar Stock Exchange (GSX), we remain focused on becoming one of the early tokenised securities exchanges, and of course, the GSX will adopt and use the STACS Protocol. We are working closely with our regulator, the Gibraltar Financial Services Commission (GFSC), to ensure it is fully compliant with regulations, and we are also communicating with external regulators and partners to establish a global standard. Being a revolutionary change in the way markets work, this is a highly complex proposition given the regulatory and legal environment  but we are excited and optimistic about the challenge and will keep you updated regularly on developments as we progress into next year.



Nick Cowan

CEO, GBX



^ update from GBX CEO Nick Cowan I wanted to update you on theas well as providing an update on the GSX.As announced recently, the GSX Group has entered into a joint venture with the Hong Kong publicly listed company, Chong Sing Fintech Holdings Limited, and blockchain development company, Prime Fintech Co. Ltd, establishing Hashstacs Inc. to assist in the development of blockchain technologies.Hashstacs Inc. is developing the Securities Trading Asset Classification Settlement (STACS) Protocol which will play a pivotal role, creating a unique public/permissioned hybrid global blockchain that will support the issuance, trading, clearing, and settling of digital securities. It will provide a scalable ledger network layer that seamlessly stacks on top of existing financial institutions and enables the tokenisation of the complete financial industry with zero inertia. The hybrid architecture maintains enterprise autonomy, while utilising revolutionary blockchain technology to create tangible and accelerated digitised financial services, adhering to the strictest regulatory standards.Following my trips to Asia, UK, and New York, I can tell you that the response from everyone has been incredible. I am pleased, therefore, to publish our technical whitepaper which details the protocol technology, as well as the staking and rewards mechanisms that will form a vital part of the STACS token utility. You can find and download the whitepaper here https://stacs.io Regarding the Gibraltar Stock Exchange (GSX), we remain focused on becoming one of the early tokenised securities exchanges, and of course, the GSX will adopt and use the STACS Protocol. We are working closely with our regulator, the Gibraltar Financial Services Commission (GFSC), to ensure it is fully compliant with regulations, and we are also communicating with external regulators and partners to establish a global standard. Being a revolutionary change in the way markets work, this is a highly complex proposition given the regulatory and legal environment  but we are excited and optimistic about the challenge and will keep you updated regularly on developments as we progress into next year.Nick CowanCEO, GBX^ update from GBX CEO Nick Cowan