Digital asset platform Bullish has received approval from the Gibraltar Financial Services Commission to expand its business by offering tokenised securities.
Tokenised securities are traditional financial assets, such as shares or bonds, that are represented digitally on a blockchain, allowing them to be traded more efficiently.
Bullish CEO Tom Farley said no major exchange currently offers tokenised securities at scale. Speaking at a digital assets event on the Sunborn, he told Katy Docker the company could have launched the service anywhere, but chose Gibraltar because of its innovative yet well-regulated framework.
He added that Gibraltar's standing in the international financial sector has grown since it was removed from the FATF grey List.
Bullish was listed on the New York Stock Exchange last year.
