The Gibraltar Stock Exchange (GSX) Group’s subsidiary Hashstac has reportedly entered the partnership with securities trading platform STO Global-X to launch a trading solution for digital assets as of April 5.

The solution, touted “DLT Exchange-in-a-Box,” is purportedly designed to aid the tokenization of digital securities in stock exchanges and financial corporates, which promotes the execution, clearing and settlement of such securities.

That the exchange product incorporates both STO Global-X’s tokenization platform and Hashstacs’ network, dubbed Securities Asset Trading Classification Settlement (STACS), ensures its users are protected at institutional level security, as it uses multi-factor authentication and encryption at military grade, the release clarifies.

In mid-December 2018, the Gibraltar Blockchain Exchange (GBX), also a subsidiary of the GSX, collaborated with local insurance specialist Callaghan Insurance Brokers to offer insurance for its listed assets, allegedly providing an all-inclusive and professional indemnity.

The GBX began trading later in July 2018, then announced a $27 million funding just shortly after, and has been active in the industry ever since. At press time, it stood at the 126th place by trading volume on analytics platform CoinMarketCap, capped at a total of $1.5 million in trades within merely 24 hours.