Germany’s second largest Stock Exchange is developing an ICO Platform
Boerse Stuttgart, the second largest stock exchange in Germany declared this Thursday that it is developing an ICO platform.
The company’s primary goal is to launch a platform which provides an “end-to-end infrastructure” for crypto and digital assets. It reported that it is presently building the platform and will allow the token issuers to conduct token sales with ‘standardized and transparent processes.’ Moreover, it will provide a multilateral trading venue for cryptocurrencies and solutions for safe custody.
Boerse Stuttgart will launch New Services
The popular stock exchange also said that it is developing Bison, a trading app which will ease market access, and allow free, straightforward and secure trading for cryptocurrencies. Bison app will be released in September 2018. The ICO platform and trading venue will be launched just after the Bison’s app launch. Boerse Stuttgart stated that custody service will be available before the release of the app.
Alexander Hoptner, CEO of Boerse Stuttgart stated that the company is presently examining secondary markets and developed the services accordingly. He further stated:
“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 and cryptocurrencies”
Unlike other companies in the sector, Boerse Stuttgart intends to cooperate with various regulatory agencies and governments. Their main aim is to be flexible with the rules which are set for the platform. Moreover, the company will be providing central services and value chain for digital assets. Hoptner stated that “We will help to promote the acceptance of digital assets.”
Boerse Stuttgart is not the first stock exchange to provide crypto services. Previously Canadian stock exchange TMX announced that it has made an agreement to build a crypto exchange mainly focused on bitcoin and ether.
We hope that in the near future, many other stock exchanges start providing crypto services and products.
