In the initial “soft launch” phase from the start of November 2014, the GSX invited firms to apply for membership as Listing Members, with a number of applicants having expressed their keen interest.
With effect from August 2016, the UK's HM Revenue and Customs have designated the GSX as a "recognised stock exchange".
The deal is subject to Gibraltar Financial Services Commission (GFSC) approval.
Valereum alongside partners endeavours to bridge traditional fiat and crypto currencies using the exchange.
The deal with Valereum was completed in December 2023 with 100% ownership of the GX Group being exchanged for 5.0 million shares in Valereum and 10.0 million warrants, exercisable at 1 pence per share by December 2026.