Bullish—Peter Thiel’s Crypto Exchange—Teams with Gibraltar to Forge New Digital Asset Settlement System
Gibraltar just handed crypto institutionalists a regulatory blank check. Bullish, the deep-pocketed exchange backed by PayPal mafia kingpin Peter Thiel, inked a deal with the British Overseas Territory to design a next-gen settlement framework for digital assets.
The play? To lure Wall Street’s risk-averse capital by wrapping crypto in compliance theater—complete with Gibraltar’s ’blockchain-friendly’ regulator nodding approvingly. Because nothing screams ’legitimacy’ like a jurisdiction that also licenses online gambling ops.
If successful, the scheme could let TradFi giants dip toes into crypto markets while maintaining plausible deniability. The real innovation here isn’t tech—it’s creative jurisdictional arbitrage dressed as financial infrastructure.
