Gibraltar-headquartered tech group Valereum Blockchain reportedly revealed details related to the purchase of Juno Group, a firm focusing on supporting the establishment, administration of trusts, money management, and enterprise creation in Gibraltar.

Specifically, Juno reportedly functions as a firm – described by Valereum as – possessing three aspects with the licensed operation: the management of trusts and businesses of the same kind, the administration of cash for an array of activities, including both fiat and crypto transactions, as well as the incorporation and management of Gibraltar-based establishments and other nations worldwide.

The ongoing acquisition is reportedly a development in a bigger plan of forming a fully regulated link between the fiat and crypto worlds, which complements what Valereum is collaborating with the Gibraltar Stock Exchange (GSX).

In October this year, Valereum reportedly disclosed its plan of purchasing the Gibraltar Stock Exchange, a regulated exchange that has a primary target of making itself stand out via pursuing regulated virtual assets.

The regulators of the peninsula are at the moment taking Valereum’s attempt to purchase the exchange as 2022 begins into evaluation, which potentially results in the world’s first integrated bourse where common bonds are up for trading side by side with major crypto coins, such as Bitcoin (BTC) and Dogecoin (DOGE).

Following the purchase of Juno, Valereum’s board member Alan Gravett will reportedly take up the chairman role at Juno. The only thing standing in the way of finalization would be the Gibraltar Financial Services Commission’s approval for the transfer and change in control.

Gibraltar has reportedly been establishing itself as a preferred regulatory territory that supports businesses dealing with the crypto sphere. The Financial Services Commission of Gibraltar has recently granted permission for crypto enterprises aiming to function in the territory, including Huobi Group’s local subsidiary Huobi Gibraltar, which offers spot trading services, and Block.one’s branch Bullish Limited.