The Gibraltar Stock Exchange (GSX) has begun listing digital debt and digital fund securities, making it one of the first regulated markets in the world to use this technology.The exchange will list these securities using blockchain technology on its secondary GSX Global Market.It said the Gibraltar Financial Services Commission had granted it permission to use distributed ledger technology to list corporate bonds, convertible bonds, asset-backed securities, derivative securities, open-ended and closed-ended funds in digital or tokenised form."We aim to leverage blockchain to open up greater liquidity pools, making illiquid assets more accessible, and set the foundations to better democratise capital markets," said Gibraltar Stock Exchange chief executive Nick Cowan. "Offering the listing of digital debt and digital fund securities significantly widens the potential GSX user base in respect of both Members and Issuers."The British Overseas Territory exchange, on Spain's southern coast, runs two markets. It operates the GSX Main Market, and the GSX Global Market, a lower cost, lighter touch reporting bourse, which will be used for blockchain trading.
8% Yield Loan - 78% SubscribedThe latest property-backed £250,000 loan from Seascape is now more than 78 per cent subscribed. This A-rated tranche yields 8 per cent gross, at a fixed rate for five years. As is the case with earlier tranches of credit, we have used our best efforts to ensure the truth of the assertions made, but cannot warrant their absolute accuracy. Fuller detail is available to logged-in members.
A Process Guide To Innovative Finance ISA InvestmentMoney&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). That figure is the result of almost £15 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders' capital is at risk. Read warnings on site before committing capital.All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.So here's our guide to the process:
Risk: Security, Access, YieldDo consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here's one of several earlier articles on security, access and yield.