A new stock exchange that will allow investors to invest in individual properties through share sales has been given approval by the UK financial regulator. The team behind the International Property Securities Exchange said today that the Financial Conduct Authority had made the market a recognised investment exchange. IPSX claims to be the...
The International Property Securities Exchange has been given approval by the Financial Conduct Authority for IPSX, the world's first regulated exchange allowing owners of single property assets to trade shares. Owners of multiple assets may also trade, if they meet eligibility requirements. ISPX founder and former Lehman Brothers banker Anthony Gahan said it was a "landmark moment" and a "great example of fintech innovation". In an interview with CNBC, Mr Gahan, who is now chief executive officer at Bitcoin company Blockchain, said: "The idea that you can have your own currency on the blockchain