It gave no price for the transaction.
“This will give listed instruments on the GSX access to a regulated pool of crypto capital that is not available anywhere else, and it will give crypto currency holders the ability to have a direct, verifiable holding in fiat securities.”
Valereum announced last November it had signed an option to acquire up to 80% of GSX, subject to approval from the Gibraltar Financial Services Commission. Friday’s announcement increases the holding to 90%.
(Reporting by Huw Jones, Editing by Louise Heavens)