BTc Wires

Germany’s Second Largest Stock Exchange Devises New Crypto Infrastructure

BTC Wires: In case you haven’t heard of Boerse Stuttgart, it’s an extremely influential stock exchange in Germany, the country’s second largest and ninth largest in Europe. They created the BISON crypto-trading app, which allows trading in digital assets. News on the market is that they are all set to establish an ICO platform, which would further the group’s efforts to adopt crypto.

A recent announcement from the company’s side stated that the group is ready to establish an end-to-end infrastructure which would concern digital assets. the announcement further stated

After the start of cryptocurrency trading via BISON, there will soon be a platform for initial coin offerings (ICOs), a multilateral trading venue for cryptocurrencies as well as solutions for safe custody. Boerse Stuttgart Group thus continues to pursue its digitisation strategy and is becoming a pioneer for the digital transformation of financial markets and financial products

Boerse Stuttgart’s CEO, Alexander Höptner, has cited the company’s expertise in the fields of trading, technology and regulation as a important factor that will contribute to the establishment of the successful crypto infrastructure that the company wishes to create, so as to support the BISON app, which is set to launch this autumn. That app is also one of the first apps in the market that is supported by a traditional stock exchange. He 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.”

Facilitation of market access, secure trading of cryptocurrencies without any extra charges, are few of the prime factors that increase the desirability of the BISON app. Bitcoin, Ethereum, Ripple, and Litecoin are the initial four cryptos that the app will support.

The new ICO platform that the group envisions can really benefit sectors like corporate financing, launching new ICO projects, etc by issuing digital tokens.

An end-to-end infrastructure is on the cards for the new ICO platform. The CEO explained:

“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.’’