ISOLAS to put spotlight on Gibraltar’s leading DLT industry

Law firm ISOLAS is representing Gibraltar on the global playing field as it continues to shape innovation and regulation in the distributed ledger technology (DLT) sector.

ISOLAS partner Joey Garcia recently participated in the Wharton Reg@Tech initiative at the University of Pennsylvania. While there, Garcia collaborated with lawyers, academics, and regulators from around the world on discussions surrounding the decentralised finance landscape, relationships with more traditional finance systems, and emerging regulatory frameworks.

Following the introduction of DLT licenses in Gibraltar on January 1 2018, ISOLAS has reportedly worked on the “majority” of its applications.

Recent work includes supporting Coinfloor, which received the very first DLT license in Gibraltar, and more recently Huobi and LMAX.

ISOLAS has also assisted smart contract network RSK with its protocol layer developments, the prediction market platform Gnosis, and the Gibraltar stock exchange (GSX) with its development as it moves into the crypto and blockchain space.

The GSX has recently become the world’s first stock exchange to offer listing services for digital debt securities and digital funds.

ISOLAS has worked closely with the government of Gibraltar and the Gibraltar financial services commission in shaping the regulatory legislation for the use of DLT as a transfer or storage of value mechanism.

Speaking on his time at the Wharton Reg@Tech initiative, Joey Garcia said: “These discussions are crucial to the continued positive development of the DLT space so that it can achieve its full potential.

“It’s an honour to discuss and share ideas with top thinkers, lawyers, and leaders in the regulatory space – people that are quite literally shaping tomorrow’s world.”

Interested in reading more Gibraltar, crypto, and blockchain-related stories? Discover more about the Gibraltar stock exchange license which was issued by the Gibraltar financial services commission.