PRESS RELEASE No: 781/2023 Date: 14th November 2023
Minister Nigel Feetham KC MP Celebrates Orbital's Launch Event in Gibraltar The Honourable Nigel Feetham KC MP, Minister for Justice, Trade, and Industry of HM Government of Gibraltar, had the privilege of attending Orbital's much-anticipated launch event in Gibraltar. As recently reported, Orbital, the innovative crypto and traditional finance payments platform for global enterprises, has achieved a significant milestone. They have received regulatory permissions from the Gibraltar Financial Services Commission (GFSC) to operate two separate entities: Pay Perform Digital Limited (PPDL) as a Distributed Ledger Technology (DLT) Provider and Pay Perform Gibraltar Limited (PPGL) as an Electronic Money Issuer (EMI) in the jurisdiction. Orbital is making history by becoming the first group to be granted both DLT and EMI permissions in Gibraltar. Minister Feetham had the pleasure of meeting with Chris Mason and other colleagues during the event. He expressed his enthusiasm, saying: "At our recent #GIBLDN2023 event, I was thrilled to announce the news of these regulatory permissions. I extend my best wishes to the Orbital team and express my gratitude to them for choosing Gibraltar as their corporate home. I eagerly anticipate witnessing their journey unfold over the coming years." For any inquiries related to this press release, please reach out to Paul Astengo at Gibraltar Finance via email: paul.astengo@financecentre.gov.gi
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