Mar 04 - First Digital Assets Group Awarded Distributed Ledger Technology Licence By GFSC
The Gibraltar Financial Services Commission (GFSC) has awarded a full Distributed Ledger Technology (DLT) licence to First Digital Assets Group.
Having completed an application process and demonstrated strict adherence to the nine core principles underpinning Gibraltar’s DLT regulatory framework, First can now store and transmit value belonging to others using blockchain technology.
Minister for Commerce, Albert Isola, said: “There is a real vibrancy emanating from Gibraltar’s growing blockchain ecosystem. I’m pleased to announce that First have been awarded a full DLT licence, which recognises their full compliance with Gibraltar’s landmark DLT regulation. The goal of the team at First to improve the accessibility of blockchain infrastructure is directly aligned with Gibraltar’s mission to accelerate the development of the global blockchain space.
“As the first jurisdiction in the world to introduce a purpose-built Distributed Ledger Technology (DLT) framework, we have set a high bar for prospective DLT providers. We are committed to upholding the highest standards in our expanding blockchain ecosystem, and remain deeply committed to our principles-based approach to DLT regulation. I look forward to seeing the First project progress in the months ahead.”
Ran Goldi, Founder and CEO of First Digital Assets Group said: “First is happy and proud to receive the DLT license, which will allow us to better serve our clients, providing them with the regulatory framework in the evolving digital asset economy space.”
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