Lendingblock, a securities lending platform for cryptocurrencies, has been granted in-principle regulatory approval from GFSC (the Gibraltar Financial Services Commission) to operate as a distributed ledger technology (DLT) provider. The authorisation follows Lendingblock's completion of its platform testing period, and the firm has begun onboarding customers ahead of launch early in 2019. The company said it will also focus on securing a full DLT provider license from the the Gibraltar Financial Services Commission.
Lendingblock, a securities lending platform for cryptocurrencies, has been granted in-principle regulatory approval from the Gibraltar Financial Services Commission (GFSC) to operate as a distributed ledger technology (DLT) provider. The authorisation follows Lendingblock's completion of its platform testing period, and the firm has begun onboarding customers ahead of launch early in 2019. The company said it will also focus on securing a full DLT provider license from the GFSC.