Gibraltar has already attracted “200” prospective ICOs ahead of the planned launch of its Gibraltar Blockchain Exchange (GBX), an official announced March 20. Speaking to Financial Times, GBX chief
executive Nick Cowan said that companies have shown huge interest in launching token sales under the British Overseas Territory’s band-new regulated ICO environment. “GBX has to date been approached by up to 200 applicants seeking to launch their ICO through the Gibraltar Blockchain Exchange,” he said.
That number would almost equal the reported 210 ICOs which successfully launched in 2017, when the funding tool hit the mainstream and became a top priority for international regulators worried about fraud. Gibraltar has been eyeing the creation of a foolproof conveyor for supporting only 100% legitimate ICO offerings for some time.