Blockchain firm Valereum to seek 80% stake in Gibraltar Stock Exchange

The British Territory Gibraltar Stock Exchange has received a takeover offer from a blockchain company called Valereum.

The Gibraltar-based company will seek to acquire an 80% stake in the exchange, with its de facto owner Global Stock Exchange Group retaining a 20% stake in the company

. If it works, it could make the Gibraltar Stock Exchange the first exchange where cryptocurrencies and stocks can be traded. Regulators are currently reviewing the proposal.

The two companies signed options on the acquisition back in October, and the company announced its intent to close the deal. However, the details of the acquisition have not been released to the public. The report also said that if the deal goes through, the group will look to integrate cryptocurrencies into exchanges.