Crypto futures and options exchange Quedex has secured a distributed ledger technology (DLT) providers license in Gibraltar, becoming the first company of its kind to gain regulatory approval. The Gibraltar-based exchange, which offers a range of crypto derivatives and digital assets, secured the license from the Gibraltar Financial Services Commission, covering the trading of cryptocurrency derivatives as well as crypto custody services. The award of the license follows a grueling 15-month process, during which Quedex has been liaising closely with regulators to satisfy the conditions of the license. With the license, Quedex now presents investors with a unique opportunity to hedge crypto positions with derivatives in a licensed environment, which is expected to appeal in particular to institutional investors. CEO and co-founder of Quedex Wiktor Gromniak described the award as a \u2018landmark moment,\u2019 both for the exchange and the wider jurisdiction of Gibraltar. In a statement, Gromniak said, \u201cIn order for the crypto industry to mature and to welcome more institutional investors into our tent it is of the essence that we create transparent financial markets and develop sophisticated financial products, such as futures and options.\u201d Gibraltar Minister for Commerce, The Hon Albert Isola MP said Gibraltar was leading the way internationally with its licensing structure: \u201cFrom early on in the process Quedex has shown admirable commitment to Gibraltar\u2019s principles-based approach to regulation and I am pleased that they will join the growing group of licensed firms operating from Gibraltar in this evolving space. They form part of a strong line up of DLT licensed companies who will help further develop crypto into a maturing and sustainable industry and demonstrate that Gibraltar is leading the way in this industry.\u201d According to the regulator, the license ensures providers comply with the nine principles of Gibraltar\u2019s DLT framework, designed to create a more secure and transparent environment for investors. This award is expected to be the first of many from the authorities in Gibraltar, as the territory continues to build a global reputation as a hub for the crypto and blockchain sectors.