German stock exchange builds ICO platform

August 8, 2018
46 Views


This is the exchange’s second venture into the crypto market after it announced in April that it was launching a crypto trading app for smartphones.

The new initiatives will together form an end-to-end infrastructure for digital asset trading. Among the new products are a platform for ICO trading, a multilateral trading venue for cryptocurrencies, and custodial management solutions.

HELPING TO PROMOTE DIGITAL ASSETS

Alexander Höptner, CEO at Boerse Stuttgart GmbH said: “On this basis, we can offer central services along the value chain for digital assets, all under one roof.

Investors and market participants know that Boerse Stuttgart Group stands for quality, transparency and reliability. As a Germany-based provider, we want to transpose this standard into the digital world. We will help to promote acceptance of digital assets.”

The smartphone app, BISON, which is being developed by Sowa Labs, a subsidiary of Börse Stuttgart Digital Ventures, will be launched in the next few months.

The app, the first of its kind backed by a traditional exchange, will immediately give users access to the safe custody services.

The exchange will begin rolling out the other new platforms thereafter.

The safe custody of crypto assets has emerged as a major barrier to institutional investment.

If an exchange with the track record and reputation of Boerse Stuttgart can offer investors a viable custody solution, it will go a long way to building investor confidence among those institutions.

Furthermore, if tokenisation of traditional assets does gather momentum, the new infrastructure will provide the exchange with first mover advantage within Europe.

About Boerse Stuttgart

Boerse Stuttgart is the exchange for retail investors, and is also the leading trading floor in Germany.

At the Stuttgart Exchange, retail investors trade equities, securitised derivatives, debt instruments (bonds), investment fund units and profit participation certificates – all at the highest quality of execution and the best prices.

Boerse Stuttgart is the German market leader for exchange trading in corporate bonds, and the European market leader for trading in securitised derivatives.

With Boerse Stuttgart’s hybrid market model, trading experts are integrated into the electronic trading system.

They provide additional liquidity when needed, and ensure fast and reliable execution of orders.

Investor protection and transparency are ensured by all the regulatory and control mechanisms of a public exchange.

Retail investors can contact Stuttgart’s exchange via a free customer hotline (when calling from Germany ) and take advantage of a wide range of educational resources.

With a trading volume of EUR 81 billion across all asset classes in 2017, Boerse Stuttgart is ranked tenth among European exchanges.

A total of 75 trading participants from several European countries are linked to the Stuttgart Exchange.

Boerse Stuttgart has been active on the Scandinavian market since 2008 through its subsidiary Nordic Growth Market (NGM).

In 2017, Boerse Stuttgart acquired the exchange BX Swiss in Switzerland.



Source link

You may be interested

Litecoin Price Predictions 2018 2019 2020 2025: Will New Partnerships Skyrocket Litecoin (LTC) Price To The Moon …
Litecoin News
9 views
Litecoin News
9 views

Litecoin Price Predictions 2018 2019 2020 2025: Will New Partnerships Skyrocket Litecoin (LTC) Price To The Moon …

Editor - October 16, 2018

[ad_1] Litecoin Price Predictions 2018 2019 2020 2025: Will New Partnerships Skyrocket Litecoin (LTC) Price To The Moon ...  TheOofy.comFull coverage…

Sony will use blockchain technology in its latest attempt to fix DRM
Blockchain News
10 views
Blockchain News
10 views

Sony will use blockchain technology in its latest attempt to fix DRM

Editor - October 16, 2018

[ad_1] Sony will use blockchain technology in its latest attempt to fix DRM  The VergeSony to use blockchain to manage digital…

Intended to help save journalism, Civil ICO, initial coin offering, looks like a flop
ICO News
18 views
ICO News
18 views

Intended to help save journalism, Civil ICO, initial coin offering, looks like a flop

Editor - October 16, 2018

[ad_1] Heading into the final stretch, Civil's initial coin offering looks like a serious flop. Civil is aiming to raise…

Leave a Comment

Your email address will not be published.