Attention GBX Community!!

All community members who have bought RKT on IDEX and are enquiring about the swap will have to email support@gbx.gi where the team will assess the issue and deal with the matter on a case by case basis. Thank you

Another great article by Coindesk capturing the journey of the GSX Group! Read details here:
https://www.coindesk.com/gibraltar-stock-exchange-wins-license-for-blockchain-subsidiary

Hi Bluejam, this comment is inappropriate. As any well informed member of the crypto community should know, every coin has dropped in value in recent days and this isn't isolated to FKX. The team is actively at work on the product as always. Let's please keep the thread civil. Thank you.

It will, OP. And I appreciate your faith in what the Momentum team hopes to accomplish. There will be plenty of exciting news on progress in the coming weeks.

The STACS Protocol and what it means for RKT holders
 
Dear Rock Token holders,
 
I am writing to you to brief you on an important development which will affect all Rock Token holders. This update covers the following:
 
- The development of the GSX as a tokenised securities exchange.

- The development of the underlying technology we have named the STACS Protocol.

- The strategy to offer STACS as a global network of exchanges, broker-dealers, investment banks, and financial institutions.

- The implications for RKT holders.
 
The GSX Group has been working hard to expand its ecosystem to further develop and maximise the use of RKT. As described in our original RKT white paper, we saw the ecosystem expanding via a phased approach which can be summarised as follows:
 
Phase 1 -
Build the GBX as a licensed and regulated token sale platform and secondary cryptocurrency exchange which provides a multi fiat-crypto marketplace, whereby primary and secondary tokens can be traded in a trusted environment. Despite challenges along the way, including having to change our technology solution, we have managed to hit our milestones. Both the GRID and the DAX are open. All listing and sponsor fees are payable in RKT. We also offer benefits to holders including reduced trading fees and referral program rewards.
 
Phase 2 -
Build the GSX as one of the world’s first tokenised securities exchanges providing a digital platform for Security Tokens to be launched and traded. As a Stock Exchange, we see incredible opportunities to disrupt the existing traditional securities processes, thus reducing the speed and cost of capital and opening up markets to a whole new universe of investors. RKT is also going to be used to pay fees within the GSX.
 
Phase 3 -
Build out the rest of the GSX Group to provide our client base with ongoing solutions. We have successfully acquired two services companies, positioning Juno Services as the largest fund administration company in Gibraltar. We have seen a rapidly growing client base choosing Juno to provide fund admin services, particularly crypto funds, where we can also facilitate banking relationships here in Gibraltar. In addition to Juno, we are also close to completing an acquisition of a UK-licensed dealer-broker which provides FX (Foreign Exchange), derivative, and CFD services.
 
To explain Phase 2 in more detail, as we looked at the underlying technology that would facilitate the move to a digital securities exchange, we had originally considered a private chain which the GSX would have used as its own, to allow buyers and sellers to trade digital securities.

However, we considered this highly restrictive for our clients’ access to liquidity and essentially we would simply be building a new legacy system to replace our old legacy system.

We also discovered, through extensive discussions, that a large number of exchanges, investment banks, broker-dealers, and asset managers were all wrestling with the same question. The general consensus was that the public ledgers have some way to go to be fit for purpose and that there was no single solution that could deliver the complexity of digital securities trading and settlement.
 
Therefore, the GSX Group came up with the vision of the STACS Protocol - the Securities Trading Asset Classification Settlement Protocol - which is being developed by our new joint venture, Hashstacs Inc..

STACS, we believe, will transform the way capital markets operate, intersecting between global traditional capital markets and crypto finance. The grand vision of the STACS Protocol is to become a global leading Digital Asset platform for the capital markets of the future. A global network where regulated incumbents such as investment banks, exchanges such as the GSX, and broker-dealers will capitalise on the tremendous potential of tokenised securities, including STOs.
 
These Verified Partners will provide issuers with a location agnostic, global infrastructure, to issue in the jurisdiction(s) of their choice.

The STACS network is also a collaborative effort for issuers to access a global pool of capital and liquidity.

Regulators will be equipped with the tools to fulfil automated regulatory reporting. The approach is proactive, not reactive.
 
The STACS Protocol will bring an integrated platform and tools, from issuance to settlement, in an open, collaborative and inclusive environment.

The proprietary technology, highlighted in recent communications, will encompass the development of the STACS Protocol, the integration of the STACS enterprise wallet, and the implementation of trading platform services.
 
We see numerous benefits that tokenised securities provide:

1. Improved Liquidity (Democratising illiquid assets)
             
2. Lower cost of transactions (Removing the middleman)     

3. Fractional ownership (e.g. Stradivarius violin, the Shard,…) 

4. Faster trade execution and settlement (fewer intermediaries)

5. Greater security (less potential manipulation)     
                       
6. Global free market exposure (24/7 global pool of capital)
             
7. Lower issuance fee (Tokenisation-as-a-Service)                           
8. Easy to track (via DLT)
                                             
9. Applicable to all Asset Class (Equity, Debt, Oil, Gold, Fine Art...)

10. Compliance built in (Asset interoperability: frictionless)               

11. Regulated (Accountability and credibility)                         
12. New financing models (Never possible before)       

RKT Implications
 
The STACS Protocol provides good news for RKT holders.
 
Not only will RKT Holders continue to benefit from the ever-expanding utility within the GSX Group ecosystem – which will include the GBX, the GSX, as well as other business lines – but RKT will also be the token which drives the utility within the STACS Protocol. We will provide further details in our technical white paper which will be released in the coming weeks.

I remain more excited than ever about the future of the GSX Group, the future of the STACS Protocol, and most importantly the future of RKT/STACS.
 
We will ensure that we keep the TG channel up-to-date with all announcements as they happen over the next few months.

Nick Cowan
CEO - GSX Group

Thanks so much for your continued support! Of course you can always buy RKT from GBX DAX https://exchange.gbx.gi/ but here are some other markets: https://coinmarketcap.com/currencies/rock/#markets

CEO Fortnightly Message 16/11/18

Dear FORTs,

I’m sure by now you have all seen the announcement regarding our new Joint Venture, Hashtacs Inc. and the STACS Protocol. I want to expand more on our plans and the future for the GSX Group and the fintech ecosystem that we are building, so, great news. Today, you’ll be getting not one, but two updates from me.

I want to go into as much detail as I currently can, regarding STACS (formerly GSP but now so much more), and to do that, it requires a second message to you all. Don’t worry, I won’t make you wait. It’s coming shortly after this update.

Without further ado, what’s been happening at the GBX over the last two weeks:

1. Hashstacs Inc. Joint Venture

This week we announced Hashstacs Inc., a joint venture between GSX Group, Chong Sing Fintech Holdings Limited and Prime Fintech Ltd. There’s a lot to tell you, but if you missed the official announcement, you can find it below. I will be following up this message with a dedicated update on STACS. Keep your eyes peeled.

https://www.gsx.gi/article/9464/gsx-group-establishes-hashstacs-inc-as-a-joint-venture  


2. Maecenas ART Token to be listed on the GBX-DAX

The company behind a decentralised art gallery auction market, Maecenas, and their token ART are to be listed on the GBX-DAX. Brought to GBX by the Sponsor Firm Lightbulb Capital, trading for the ART token will be live from the 19th November, you can deposit now to be ready in time, and you can read about this latest listing and the utility of the ART token, here:

https://gbx.gi/news/maecenas-art-token-to-be-listed-on-gibraltar-blockchain-exchange/  

3. GBX-DAX Supports the BCH Hard Fork

With the latest developments in the Bitcoin Cash (BCH) hard fork yesterday, the GBX-DAX supported the change-over relating to a software upgrade. The GBX has taken care of all processes associated with the fork for our users, if you have any queries, please e-mail info@gbx.gi or message in the TG community. You can read about the BCH hard fork, and the GBX-DAX related procedures here:

https://gbx.gi/news/gbx-supports-upcoming-bch-hard-fork/  


4. GSX Group On The Road

Web Summit 2018

The GBX was present at the colossal Web Summit in Lisbon, exhibiting to the 70,000+ attendees over the three-day event. It has been a year since we began our initial roadshow at Web Summit 2017, in which time we have developed an entire ecosystem to be proud of. You can view the write up of the event here:

https://gbx.gi/news/gbx-at-2018-web-summit-in-lisbon/  

Societe Generale Innovation Week UK  

The GSX Group was invited to the inaugural Societe Generale Innovation Week UK in London. Hosted by Societe Generale as a networking and collaboration event, I had the opportunity to give a presentation on the GSX Group ecosystem and our latest developments. The details of the Innovation Week can be seen here:

https://gbx.gi/news/gbx-societe-generale-innovation-week-uk/  

5. BIC Gibraltar Blockchain Educational Workshop

The GSX Group is always looking for ways to support the blockchain economy, both in Gibraltar and abroad. This is why we set up the Blockchain Innovation Centre (BIC), whose mission statement is to help grow and support the industry workforce for the new digital era. On the 19th November, the BIC in association with London Blockchain Labs is hosting a blockchain workshop at the University of Gibraltar. The event sold out 100+ tickets in just 10 days. Keep an eye out for future events, not just in Gibraltar. You can view the details here:

https://www.bic.gi/2018/11/07/announcing-the-blockchain-educational-workshop-in-collaboration-with-the-university-of-gibraltar/

6. Consensus: Invest 2018 NYC

The team and I will be heading to the Consensus Invest event on the 27th of November in New York. As one of the world's premier blockchain events, it is an excellent opportunity for us to promote the work of GSX Group.

We will have a booth so please stop by if you’re attending! It is always great to meet our community.

https://www.coindesk.com/events/consensus-invest-2018  

That’s it for this news round-up, there have been some interesting developments for the GBX and the GSX Group as a whole. The latest JV with Hashstacs is an incredible step forward in our plans to transform the capital markets using blockchain technology. You’ll see my additional message regarding the Joint Venture shortly.

Nick Cowan
CEO - GBX

There's still time to buy XYO tokens from the Gamma sale, you can do so here: https://get.xyo.network/flow/ As for which exchanges the token will be listed on, those details will come in time. According to Scott at Spatial,  XYO has been audited and approved by 10 of the leading crypto exchanges. Watch the Keynote from Spatial if you haven't already https://www.facebook.com/spatialbyxyo/videos/2209351522723198/

Thanks so much for your continued support! I can honestly state that the Momentum Protocol team truly values and appreciates their community. We'll continue to share updates as that information becomes available. Please continue to keep a close eye on the project. Great things to come!

CEO Message - 02/11/18


Dear FORTs

I’m writing to you today from Asia, after attending Hong Kong Fintech week and last week’s Gibraltar Week events in London. The GBX continues to grow and every week we’re seeing an increase in new referrals from our GBX Rewards programme and new tokens applying for both the GRID and the Exchange.

Over the past two weeks, I’ve been in meetings in London and Asia, introducing the Global Securities Protocol to interested parties. The response so far has been phenomenal and we will soon be able to share more information with you.

Time for the update:

CGRID tokens distributed and now listed on the DAX

After CGRID’s successful token sale on the GBX GRID, all tokens have now been distributed to all those that participated. CGRID is now also listed on the DAX and available to trade as a CGRID/ETH pair. It’s great to see the transition from primary to secondary listings happen, a reminder of the complete ecosystem the GBX offers issuers. You can find out more about CGRID’s listing here:

https://gbx.gi/news/cgrid-token-sale-distribution-and-gbx-dax-listing/?utm_source=telegram&utm_medium=socia

2. ICNQ token sale live on the GRID

Iconiq Holding’s exclusive GBX token sale is currently live on the GRID. The team at Iconiq, who is a Sponsor Firm within the GBX network, decided to run their ICNQ sale on the GRID. We wish them the best of luck for their token sale. Patrick Lowry, the CEO of Iconiq Holdings held an AMA here on TG, so feel free to scroll up and find out more.

https://platform.gbx.gi/grid/icnq

3. Gibraltar Week events in London

Fintech and Financial Services events with Gibraltar Government

Last week Her Majesty’s Government of Gibraltar hosted two events for the fintech and financial services sector. A fintech and crypto funds breakfast, held in the RAC Club and a financial service lunch in the Library at the Guildhall in London. Both events were packed houses as people continue to recognise Gibraltar as a leading jurisdiction for DLT and financial services, and I was fortunate enough to sit on a panel and share our thoughts on the future of virtual assets.

https://gbx.gi/news/gsx-at-gibraltar-week-events-in-london/?utm_source=telegram&utm_medium=social

Gibraltar International Fintech Forum London

Gibfin held its first event in London last week, a great turn out, with more than 400 people attending a full day of industry-leading speakers from Gibraltar and around the world. The forum was opened by the Chief Minister, Fabian Picardo and saw the Hon. Albert Isola, Minister for Commerce address the attendees at the event. I also presented, updating everyone on GBX and our plans for GSX and the GSP.

https://gbx.gi/news/gsx-at-gibraltar-international-fintech-forum-in-london/?utm_source=telegram&utm_medium=social

Sponsor Firm Summit in London

It really was a fully packed week in London last week, as we also held our first Sponsor Firm Summit in London. 24 representatives from our Sponsor Firm network attended the day, which was filled with industry insights and open discussion regarding the GBX ecosystem and the industry as a whole. Once again I would like to thank everyone who attended, including some who flew in from North America and even from as far as Australia. A hugely productive day and a reminder of just how global the GBX network really is. A number of actions have come out of the summit as we push to grow the GBX.

https://gbx.gi/news/gbx-london-sponsor-firm-summit/?utm_source=telegram&utm_medium=social

4. GSP gathers momentum globally

The Global Securities Protocol journey has well and truly started. Both last week in London and this week in Asia, I’ve been meeting with interested parties to discuss our view for the future of capital markets. We see a massive shift for exchanges and financial services in the future. I believe things will be very different in a relatively short period of time and the GSP can help with that evolution. Blockchain has given us an opportunity to radically change the markets, and tokenised securities is on the tip of everyone’s tongue currently. As I said on stage at Gibfin London, “we’re not trying to reinvent the wheel, just make it spin faster”.

Keep an eye out for more information coming soon.

5. Rewards Programme usage is growing

I’m happy to tell you that since we announced our GBX Rewards programme we’ve seen so many of you start sharing the GBX with friends and family. This is still just the beginning of our Rewards programme, but it’s so great to see our community continue to support the GBX. If you haven’t started using the programme yet, you can find more information here:

https://gbx.gi/referral-rewards-programme/


6. Upcoming events

It’s non stop for the team as we continue to promote the GBX and the wider GSX Group across the globe. I’m delighted to say that next week we will be in Lisbon, Portugal as part of Web Summit followed by Consensus Invest in New York at the end of the month. If you are planning on attending either of these events, make sure you reach out as the team is always happy to meet members of our community.

That’s it for today, I’ll be heading back to Europe shortly, but as always, there is always more to do and thankfully the team and I are all 100% committed to continuing the success of the GBX.



Nick Cowan,
CEO - GBX