Blockchain firm Valereum gets approval to buy Gibraltar exchange

Blockchain company Valereum said on Monday it has received regulatory approval to buy the Gibraltar Stock Exchange (GSX) and turn it into a gateway to the European capital for fledgling companies from the Middle East, India, and Africa.

Valereum said it has received consent from the Gibraltar Financial Services Commission to complete the acquisition. Valereum did not reveal the price of the deal, which it expects to complete in the first quarter of 2023.