After creating the crypto-trading app BISON, the second largest stock exchange in Germany continues to embrace the cryptocurrency with its most recent initiative.
Boerse Stuttgart is creating an ICO platform, a trading and custody facility for cryptocurrencies and related services.
"The Boerse Stuttgart Group is creating an end-to-end infrastructure for digital resources, and after the cryptocurrency trading with BISON, there will soon be a platform for initial coin offerings ( ICO), a multilateral trading venue for cryptocurrencies and safe custody solutions, the Boerse Group of Stuttgart continues to pursue its digitization strategy and is becoming a pioneer in the digital transformation of financial markets and financial products, "he said a recent announcement.
The CEO of Boerse Stuttgart GmbH, Alexander Höptner, says that the group knows how-in the field of technology, regulation and business models, positions it favorably to create a successful infrastructure that integrates the & # 39; app BISON and create a thriving encryption ecosystem.
"On this basis, we can offer central services along the value chain for digital goods, all under one roof: investors and market participants know that the Boerse Stuttgart Group is synonymous with quality, transparency and reliability. supplier based in Germany, we want to transpose this standard into the digital world.We will help to promote the acceptance of digital goods. "
The app BISON, which should be launched this autumn, will facilitate the 39; access to the market and will allow the free and secure exchange of cryptocurrencies, making the world's first app backed by a traditional stock exchange. The app will support trading in Bitcoin, Ethereum, Ripple and Litecoin to begin with.
After the launch, the group plans to extend its activities to the primary and secondary markets. The ICO platform will serve to issue digital tokens in cases such as corporate funding or to represent rights and activities, as well as launching new ICO projects with what the group describes as "standardized and transparent processes".
The trading venue for digital resources such as Bitcoin will include a separate aspect of the end-to-end infrastructure.
"Tokens from trading venues issued via our ICO platform can be traded on the secondary market, which is an important success factor for ICOs, while we respond to both retail and institutional investors' demand for an environment. regulated and reliable for cryptocurrency trading ", explains Alexander Höptner.
Custody services will include differentiated security concepts for digital assets and will already be available with the launch of the BISON trading app. The group states that the custody service will later be available for use along the entire value chain and the app itself. The news of an important German exchange increasingly involved in the crypt coincides with the owner of the New York Stock Exchange that launches its Bitcoin market.
Image highlighted by Shutterstock.
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