Thread by @PanPeterS5

So let's turn this on it's head and understand the challenges ahead for #VLRM! Let's take a look back in time, while Gibraltar’s efforts to attract the who’s who of crypto have been successful, its previous attempts to break new ground in cryptocurrency finance are checkered.

In 2018 during the baffling surge of initial coin offerings, or token sales, online auctions of absurdly priced cryptocurrency tokens marketed as shares in blockchain companies. GSX launched the Gibraltar Blockchain Exchange, or GBX. Designed as a blend of cryptocurrency exchange

and platform for ICOs, GBX faltered as the ICO model died down, and it was taken over by Australian company Mine Digital in early 2021.
GSX’s attempts to bring crypto products onto its stock exchange have had a mixed success.

In 2016, the stock exchange announced that it would start allowing the trade of BitcoinETI, a Bitcoin-backed exchange traded instrument (a security whose value is determined by an investment portfolio), which was issued by the financial companies iStructure and Argentarius.

By February 2017, the Bitcoin instrument had been delisted, and by September of the same year a smorgasbord of products created by iStructure were also taken off GSX; Argentarius was booted from the exchange for failing to comply with the authorization requirements.

Dealing with the securities markets and the complexities around it is very challenging. So as you can see what #VLRM is trying to do isn't easy, with regulation and working with the regulators key to ensuring this is set up to succeed from the beginning!

Build it right and you will get their trust, build it right and they will come! Ensuring compliance and support from Government regulators will ensure a robust business will stand the test of time! @ValereumPLC

So the good news... Despite the complexity, Grant Thornton’s King is convinced that the kind of integration Valereum wants to bring about is just a matter of time. “That's the direction of travel,” she says. “Over 2.3 million people in the UK hold cryptocurrency.

By 2024 there will be 1 billion users.. growing 113% a year!
Gibraltar has form when it comes to building thriving ecosystems for emerging industries: online gambling companies account for around 25 percent of Gibraltar’s $3 billion GDP.

In a 2019 speech, Gibraltar’s minister for financial services and gaming, Albert Isola, said he aspired to grow the blockchain sector to a similar size.
@RPoulden @DavidLenigas @FrontierFinance

According to Joey Garcia, a partner at local legal firm Isolas—where Isola used to practice law before joining the government in 2013—being a magnet for cryptocurrency companies is a more achievable goal for the Rock than rewriting the rules of finance.

If the Gibraltarian financial regulator approves the deal, it would make the British overseas territory, also dubbed “the Rock,” home to the first stock exchange of this kind in the world.

And it would, Poulden says, finally help the crypto millionaires squeeze more money out of their tokens.
#Bitcoin #CryptoNews @WIRED

When they pull this off let me assure you "The GSX will be the world's first exchange to create a seamless and fully regulated bridge that links the fiat and crypto markets,"

The prize, of course, is juicy business. Valereum targets a cryptocurrency sector worth, according to its estimates, approximately $3.5 trillion.
This deal has the attention globally with countries such as Russia, China, USA watching closely as are the likes of #Binance

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."
#GSX #ETH #NFTs

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. Following a recent announcement this now increases the holding to 90%.

Valereum are also acquiring Gibraltar fund and trusts services group Juno in December to underpin the bridge between crypto and fiat currencies.

#VLRM whoever first bridges the gap between the capital markets & digital assets and sets the internationally recognised legal & regulatory standards for such transactions will help unlock the huge value of distributed ledger technology in the blockchain at a scale not yet seen!

I am sure as night follows day this history making deal is being overlooked by the current markets and personal investors. The enormity of this deal & what follows has yet to be fully absorbed. Interesting times, current sp is madness & I believe 2022 will be a fantastic year!

Current SP is 0.36p with Shares in Issue 73mil+, Mkt Cap £20-£30Mil.

2020 Mkt cap estimate for 6th largest Euro exchange, $0.98 Billion for 2020!

#VLRM heading in the same direction in the future:
Near term target £1.90 plus on route to £3 then 22x with a SP around £9.90

Feel free to join and be something groundbreaking and history making:

t.me/ValereumBridge

Final thought of the day following an article from the times: -cryptocurrency transactions rose 550% last year to reach $15.8 trillion (£11.7 trillion), equivalent to daily volumes of around $43 billion.
@BTC_Archive #blockchainexchange #BlockchainEvolved #NFTCommunity #AQUIS

-$43 billion a day crypto transactions 🤯
Imagine Adding fiat money which will more than double that. The lowest % in commission fees for #VLRM will be hard to imagine the total revenues!
Oh did I mention the beauty of #VLRM unlike other exchanges will be FULLY REGULATED! 😉