Global Stock Exchange Group (“GSX Group”), owner and operator of the Gibraltar Stock Exchange (GSX) and GATENet, announces strategic investment in CSX Limited (“CSX”), a member company in Coinstreet Partners Group (“Coinstreet”). This unique partnership between two key leaders in their fields, combines traditional capital market experience, Fintech innovations, and business networks from Europe and Asia, to capitalize on unique digital asset opportunities.
Through this collaboration, Coinstreet and GSX Group will explore the optimal jurisdiction in Asia to enable CSX to set up a fully-compliant trading platform for Tokenized Assets and Digitized Securities (TADS). CSX’s vision is to build the next-generation financial marketplace with on-chain settlement and registry solutions to reduce costs and increase efficiencies for issuers, investors and market participants everywhere.
Nick Cowan, CEO of GSX Group commented that “We recently published our vision for the future of global finance in our GATENet Whitepaper. We foresee all settlement and registry activities will eventually be replaced by protocol technologies. Our next generation Digital Financial Market Infrastructure (“Digital FMI”) was designed to lower costs, eradicate fails, reduce risk and increase capital efficiency, with on-chain financial market, settlement and registry solutions via blockchain infrastructure, leading to larger global investor pools, greater price discovery and higher level of interoperability between different protocols.”
“Asset tokenization is a game changer in the financial market. It can facilitate wealth inclusion by providing investors from different regions with access to high-quality investment opportunities worldwide, while providing enterprises with cost–efficient growth capital,” commented Samson (Sam) Lee, Founder and CEO of Coinstreet Partners. “This strategic partnership with GSX brings great synergy to our plan.”
Stephen Law, Senior Advisor of Coinstreet Partners added, “STO is the new trend for fundraising in the primary market, while STO exchange provides on-going global liquidity from the secondary market. The two are natural partners with strong synergies with each other. Coinstreet is heading in both strategic directions.“
According to a survey from the World Economic Forum, 10% of the world’s GDP will be tokenized by 2027 — with an estimated market capitalization of US$24 trillion. With increased clarity in the regulatory framework and positive developments in the industry, such as wider adoption of digital assets from financial institutions and innovative digital security offerings from large enterprises, both asset tokenization and digitized securities are gaining much momentum for new growth in the financial industry.
CSX aims to serve clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. Significant growth in the number of high-quality STO projects and global expansion of investor communities is expected, as the adaptation of this new corporate finance model gains popularity globally.