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Global Blockchain Technologies hails partnership for Hyperion exchange, which will broaden its scope

Stellar is a trading protocol for issuing, transferring, and exchanging digital assets of any kind...
Global Blockchain Technologies hails partnership for Hyperion exchange, which will broaden its scope
The firm is aiming to make investing in the crypto space an easier process

Global Blockchain Technologies Corp. (CSE:BLOC) says its  Hyperion Crypto Exchange has partnered with Stellar, which will broaden the scope of assets that can be traded on the former.

Stellar is a trading protocol for issuing, transferring, and exchanging digital assets of any kind. This includes cryptocurrencies like Bitcoin, fiat currencies such as the US dollar, and commodities like gold.

READ: Global Blockchain Technologies set to buy Atari founder's X2 Games and spin-out its enterprise and exchange division

"With Hyperion offering support for Stellar-based assets, it will broaden the scope of tradeable assets on Hyperion, beyond the security tokens and crypto assets already slated to be listed on the exchange," BLOC said in a regulatory statement.

"Further, Stellar's existing user base and brand cachet will lend themselves well to Hyperion as it makes its entrance into the marketplace as a new exchange.

"With the company's equity in Hyperion, BLOC shareholders stand to benefit from this development on any increase in Hyperion's value."

Global Blockchain Technologies has a near 13% stake in Hyperion after it made a $5 million investment earlier this year.

"Hyperion partnering with Stellar is one of the best things that could have happened, not just for BLOC and Hyperion, but also for the crypto space", said Shidan Gouran, BLOC's president and CEO.

"Regulation has been a serious hurdle for this industry. Our team at Hyperion took a shrewd approach to operating under an ATS license, which gives investors trading on Hyperion legal protections that they wouldn't get on most other exchanges.

"That is a very big win for the crypto market in general, and for us and our shareholders as investors in Hyperion."

BLOC chairman Steve Nerayoff added: "It has taken some time for the crypto markets to mature to the point that crypto assets can be traded on an SEC-licensed exchange.

"Shidan and Michael did a great job of leading Hyperion to being just steps away from bringing blockchain-based trading of securities and other digitized assets to the mainstream market.

"We will start to see a lot more capital coming into this space as a result. We all thought that 2018 was a dynamic year for crypto but Hyperion will play a significant role in making 2019 even more dynamic."

Reporting by Giles Gwinnett

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