24 Aug 2017

Stephenson Harwood advises Cyberhub on GSX Group investment

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Law firm Stephenson Harwood LLP has advised Cyberhub Fintech Holdings (Cyberhub) on its investment in GSX Group Limited, the parent of GSX Limited, which operates the Gibraltar Stock Exchange.

Cyberhub, part of the Asian fintech organisation Broctagon Group, successfully acquired an ownership stake in GSX Group. This transaction signals the Gibraltar Stock Exchange's continued commitment to expand its capital markets' network and influence, and highlights its ambition to become one of the world’s first regulated exchanges to fully incorporate the use of blockchain in its operational processes.

"This is an exciting strategic investment for our client, Cyberhub," said Sam Gray, partner, Stephenson Harwood. "It was a pleasure to work with the teams from Cyberhub and the GSX as they embark on an exciting new stage of developing the GSX."

The Stephenson Harwood team was led by corporate finance partner Sam Gray, who was supported by associate Michelle Gomes. Local law advice was provided by John Virgo and Chris Davis from Gibraltan law firm, Triay & Triay.

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