Numerous attracting blockchain and crypto startup businesses have started to appear as one way of bolstering Gibraltar’s expanding financial services sector after the self-governing country left the European Union in 2020.
The territory has taken an outsized role in the crypto community, partnering with numerous blockchain and crypto startups to launch various platforms, including the Gibraltar Blockchain Exchange, the British protectorate’s first digital asset exchange and token sale platform.
If you’re invested in crypto, here is a list of five companies based in Gibraltar you need to get to know.
NKOR is a firm based in the British protectorate that’s created a blockchain platform for IP rights management. Intellectual property data can be uploaded to the NKOR website, where they are securely encrypted and recorded in the network.
The startup was first announced in mid-2017 and is led by CEO Eric Klein. By changing the way people record and get compensated for their intellectual property, the platform aims to create a growing ecosystem of people that are securely tracking their inventions on the blockchain.
Initially founded in Singapore, TraceTo is now one of the most famous companies in Gibraltar because it was the first startup to list its token and launch its corresponding token sale on the GBX, or Gibraltar Blockchain Exchange.
The platform describes itself as a ‘decentralized KYC (Know Your Customer) network that allows cryptocurrency organizations to include KYC best processes at each step of the customer experience. Crypto firms can store their customer information on smart contracts, which can then be viewed inside TraceTo’s software layer.
Transact Payments is a Gibraltar-based e-money platform offering services to enterprise businesses and consumers worldwide. It delivers a wide range of payment options for enterprise clients, such as a few cryptocurrency options. Within its payment platform, Transact Payments also offers crypto wallet services to help users secure their assets.
The company operates with full regulatory approval from the Gibraltar Financial Services Commission and is a qualified partner of Visa and MasterCard. Transact Payments has an extensive range of clients, including major financial institutions and small tech startup businesses.
Lendo is a fintech company that enables lenders to provide fiat loans for cryptocurrency collateral and a crypto banking ecosystem. After being founded in London, the firm has relocated to Gibraltar.
The platform enables anyone to loan out fiat to future crypto investors, or vice-versa. As an outcome of all lender and customer information being kept on the Lendo blockchain, load applications will be able to be processed almost instantly, even when investors are utilizing their crypto assets for collateral.
Dether is another company based in Gibraltar. This platform is a P2P network that makes it possible for anyone to buy and sells Ether (ETH) instantly. The Dether application and platform are ideal for crypto investors and purchasers looking to trade their fiat money for Etherm and vice-versa.
To appear as a seller or buyer on the Dether application, users can buy DTH tokens, which will have them on the ‘DTH Map,’ and qualify them to match with other users on the platform. Dether has also launched its public token sale, which raised almost 4K in ETH to fund platform development and enhanced hiring. The company has also received partial support from ConsenSys, the famous decentralized app developer.
The Bottom Line
Besides these Gibraltar-based companies, Gibraltar Stock Exchange (GSX) has also been working to offer a tokenized securities exchange solution and launched the Gibraltar Blockchain Exchange (GBX) platform. This exchange is Gibraltar’s first digital asset exchange and token sale platform, having a native currency known as the Rock Token (RKT).
The exchange platform functions under the Distributed Ledger Technology (DLT) regulations defined by Gibraltar’s government and is a subsidiary of the Gibraltar Stock Exchange.