By Kyle Morris


Shares in GSTechnologies Ltd. rose 13% on Monday after the company said it has filed its stablecoin application for admission to the U.K. Financial Conduct Authority Regulatory Sandbox.

The fintech and IT-solutions company said FCA Regulatory Sandbox application is a key pillar of the stablecoin activities that it intends to carry out.

Shares at 0830 GMT were up 0.04 pence at 0.35 pence.


Write to Kyle Morris at kyle.morris@dowjones.com


(END) Dow Jones Newswires

02-20-23 0358ET