Gate Granted DLT Provider Permission

Gate, a leading crypto services provider known for its Gate.io exchange, announced that Hippo Capital Co Limited has been granted permission by the Gibraltar Financial Services Commission (GFSC) to operate as a Distributed Ledger Technology (DLT) Provider. As a result, it can now provide broker/dealer services and virtual asset custody services.

This permission means Hippo Capital is in compliance with all ten regulatory principles laid out by the GFSC. Created to protect consumers and businesses when transmitting or storing assets on distributed ledgers, the ten principles outline comprehensive risk management processes, honest and fair practices, exceptional customer care standards, and strict AML/CFT/CPF measures, among other guidelines that proactively protect consumers and businesses.