Boerse Stuttgart - Germany’s Second Largest Stock Exchange Working On A ICO Platform
On Thursday, August 2, Boerse Stuttgart - Germany’s second largest stock exchange officially announced its plans of working on an ICO platform while developing a end-to-end infrastructure for the digital assets. The stock exchange giant is planning to tap into both - the primary and secondary markets for digital currencies.
In addition to launching an ICO platform, the company will also be launching a multilateral trading venue for digital currencies and a safe custody solution. It is also working on the launch of its new crypto trading app BISBON, expected to hit the market by September.
Boerse Stuttgart Group have been the pioneering the financial market and will be leveraging on its years of expertise in the fields of regulations, trading and financial technology implementation.
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 company says that its ICO platform will facilitate the issuance of digital tokens for corporate financing while ensuring high-end transparency by the implementation of standardized processes. While commenting on establishing regulated and multilateral crypto trading platform, CEO Höptner said: “At the trading venue tokens issued via our ICO platform can be traded on the secondary market. This is an important success factor for ICOs. At the same time we are responding to demand from both retail and institutional investors for a regulated and reliable environment for trading with cryptocurrencies.”
The CEO also assured to cooperate with the country’s financial regulators along with the promise of trading popular digital currencies. He said: “In designing the strategic projects we closely cooperate with all competent boards and committees, and especially with the supervisory authorities.”
Hoptner says that the company’s venture in offering this new suite of crypto services shows its commitment towards the "digital transformation of financial markets and financial products.” "We can offer central services along the value chain for digital assets, all under one roof," he said.
However, Boerse Stuttgart is not the first stock exchange to venture into crypto services. Earlier this year in March, the Canada-based TMX stock exchange announced the plans to launch a digital currency brokerage ahead this year.