Online Blockchain Expands Operations to Fintech Hub Gibraltar

Bybit
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LONDON, Might 25, 2021 /PRNewswire/ — On-line Blockchain plc (LSE: OBC) – the UK’s main listed blockchain analysis and improvement firm – publicizes the opening of a brand new workplace in Gibraltar. 

The brand new location is a strategic alternative as the corporate develops its blockchain operations apace, particularly DeFi Protocol Umbria Network for which it acts as co-ordinator, adviser and administrator. Gibraltar provides a progressive regulatory atmosphere and has gained a repute as one of many world’s main administrations for welcoming and fostering innovation and fintech companies. This makes it particularly engaging for corporations working throughout the blockchain and cryptocurrency sector.

Gibraltar supplies its offshore firms quite a few advantages equivalent to tax-free earnings and a low annual renewal price.

“On-line Blockchain is especially suited to such a benign and forward-thinking jurisdiction, and may capitalise on the numerous alternatives that Gibraltar affords,” mentioned Clem Chambers, CEO of On-line Blockchain plc. “This atmosphere can be a catalyst for additional progressive developments and is the right location for the expansion of Umbria, which has simply launched its Layer 2 Decentralised Change (DEX).” 

On-line Blockchain PLC enquiries: Clem Chambers (CEO)      [email protected]

About On-line Blockchain plc (LSE: OBC)

On-line Blockchain (www.onlineblockchain.io) is a UK-based incubator and developer of companies in web and information-based applied sciences, together with builders, directors and custodians of blockchains and cryptocurrencies. The Firm created ADVFN www.advfn.com and at this time nonetheless has a holding of 17.98% in ADVFN plc.

On-line Blockchain plc continues to think about new associated alternatives and significantly crypto currencies and blockchain-based alternatives together with incubating cryptocurrency start-ups and growing technical innovation within the blockchain area. Led by a staff with over 20 years of pioneering in tech, On-line Blockchain focuses on innovation in cryptocurrency and decentralised ecosystems by way of varied functions of blockchain: incubating cryptocurrency start-ups and growing technical innovation within the blockchain area.

Contact: Francesca De Franco, [email protected], +44 794 125 3135

SOURCE On-line Blockchain plc



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