Valereum PLC (AQSE:VLRM) said its indirect investee company, Nexstox Inc, has obtained a Labuan Exchange license from the Labuan Financial Services Authority, marking a significant milestone for the platform.
The status places Nexstox among five Labuan-licensed and regulated venues for trading tokenised real-world assets (RWAs).
Valereum holds a 16.25% stake in Nexstox via GSX Group Limited, which it acquired in January 2024.