Valereum Blockchain, a Gibraltar-based digital company, has announced the acquisition of Juno Group to create a link between the fiat and crypto worlds.
Juno is a licensed company with three areas of operation, according to Valereum: the management of trusts and similar entities, the administration of cash for a variety of activities, including both fiat and cryptocurrency transactions, and the incorporation and management of businesses in Gibraltar and other countries around the world.
According to the press release, the partnership is a step toward creating a fully regulated link between the fiat and crypto worlds, and it compliments Valereum’s cooperation with the Gibraltar Stock Exchange (GSX).
Valereum announced its plan to buy the Gibraltar Stock Exchange in October 2021, a regulated exchange that has sought to differentiate itself by pursuing regulated digital assets.
The Peninsula’s regulators are presently considering Valereum’s offer to buy the exchange in the new year, which might result in the world’s first integrated market where common bonds and major cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE) can be traded.
Alan Gravett, a board member of Valereum, will take over as chair of Juno following the acquisition. The transfer and change of control can only be completed with the approval of the Gibraltar Financial Services Commission.
Gibraltar has recently demonstrated to be a more friendly regulatory environment for cryptocurrency entrepreneurs. The Gibraltar Financial Services Commission recently approved cryptocurrency businesses to operate in the territory, including Huobi Group‘s local subsidiary Huobi Gibraltar, which provides spot trading services, and Block.one’s subsidiary Bullish Limited.