Valereum acquires Juno, headquartered in Gibraltar, to expand the crypto-fiat bridge

Valereum Blockchain, a technology group based in Gibraltar Announce Acquired Juno Group, a company that helped establish and manage trusts, fund management and corporate creation in Gibraltar.

Juno is a company described by Valereum as having three licensed operating areas: the management of trusts and similar entities, the cash management of a range of activities, including legal and cryptocurrency transactions, as well as in Gibraltar and other countries in the world.

According to the press release, the agreement is a step towards establishing a fully regulated link between the fiat currency and the cryptocurrency world, and it complements Valereum’s collaboration with the Gibraltar Stock Exchange (GSX).

October 2021, Valerian disclose It intends to acquire the Gibraltar Stock Exchange, a regulated exchange that seeks to differentiate by pursuing regulated digital assets.

The peninsula regulator is currently evaluating Valereum’s bid to acquire the exchange in the new year, which may lead to the world’s first comprehensive exchange, where ordinary bonds can be traded with major cryptocurrencies such as Bitcoin.Bitcoin) And Dogecoin (dog).

After the acquisition of Juno, Valereum’s board member Alan Gravett will assume the role of Juno’s chairman. Only need to obtain the approval of the Gibraltar Financial Services Commission to complete the transfer and change of control.

related: The Gibraltar government plans to bridge the gap between the public and private sectors through blockchain

Gibraltar has recently shown a more favorable regulatory environment for companies in the cryptocurrency sector. The Gibraltar Financial Services Commission recently allowed cryptocurrency companies wishing to operate in the territory, including Huobi Gibraltar, the local subsidiary of Huobi Group. Provide spot trading services, and Bullish Limited, a branch of Block.one.