In its continued commitment as a modern international finance center, Gibraltar is fast becoming a leading fintech jurisdiction. In January 2018, Gibraltar was the first jurisdiction globally to introduce a purpose-built regulatory framework for Distributed Ledger Technology (DLT) businesses that store or transmit value belonging to others over the blockchain.
Gibraltar adopted the view that blockchain business models cannot be squeezed in to existing regulation. To this end Gibraltar introduced a flexible principle-based, outcome-focused regulatory regime, presenting a new class of financial services license, uniquely designed for blockchain-related businesses, or DLT service providers.
The DLT regulations, based on 9 core principles, mark a progressive milestone for blockchain companies and represent a turning point for the cryptocurrency industry as a whole. Gibraltar’s regulatory regime is designed to offer confidence to users, ensuring Gibraltar is a safe and attractive place to do business. Gibraltar is servicing companies that seek to be regulated and thereby signal to the market a differentiated level of quality and credibility.
For more information and details on how these principles are to be applied, see the GFSC website or click here
For a full copy of the DLT Regulations click here
Following the rollout of DLT regulation, the Government of Gibraltar, together with the Gibraltar Financial Services Commission announced plans to bring token sale activity within the regulatory scope, releasing a first Policy Document on Token Regulation in February 2018. Token Regulation proposals cover the regulation of token sales, secondary token market platforms and investment services relating to tokens. With the introduction of this regulation, Gibraltar will offer a fully-regulated market for token sales, ICOs and other crypto and blockchain-based operators looking to raise capital.
Finsbury Trust is positioned at the forefront of the innovation in blockchain and cryptocurrencies. We support blockchain businesses and investment funds in providing them with the comprehensive structuring, infrastructure, business services, administration and governance required to establish and flourish in the new regulated marketplace.
Our dedicated team offer a full range of services to companies seeking to establish their blockchain related business in Gibraltar, as well as to investors and managers looking to launch regulated Crypto Funds.
We serve as the key local partner to blockchain and ICO businesses, assisting the businesses to establish themselves in Gibraltar and provide support to ensure they are regulated and positioned to excel. Our service offering is uniquely designed to cater to the needs of blockchain companies, including provision of local support and business services from dedicated teams on the ground. We work with established blockchain companies and foundations, as well as with startups and businesses planning to undertake ICOs.
