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Gibraltar Blockchain Exchange (GBX) has appointed in-house Head of Business Development Kurt Looyens, as its new CEO.

Looyens formerly held the position of Country Executive at ABN AMRO Bank in Spain, and he will be taking over from Nick Cowan, as the latter transitions into his role as CEO of the Gibraltar Stock Exchange (GSX) Group.

The move is one that is coming at a crucial time for the regulated token sale platform and digital asset exchange, as its digital asset platform is on the verge of listing new tokens.

GBX received a Distributed Ledger Technology (DLT) License from the Gibraltar Financial Services Commission (GFSC).

Speaking on the appointment, Cowan pointed out that Looyens’s “vast experience in finance, business development, and regulatory matters will provide the GBX with essential leadership to cement its position as a leading digital asset exchange.”

This article originally appeared on Bitcoin Magazine.

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