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German stock exchange Boerse Stuttgart goes big on crypto – announces BISON, ICO platform, custody service and more
Boerse Stuttgart, the second largest stock exchange in Germany, has announced its plans to offer central services along the value chain for digital assets under one roof.
The company on Thursday announced an end-to-end infrastructure for digital assets, a platform for initial coin offerings (ICOs), a multilateral trading venue for cryptocurrencies as well as solutions for safe custody. Previously, CoinDesk had reported that Boerse Stuttgart was going to launch a cryptocurrency trading app later this year.
The company said that it is developing BISON – a trading application that will facilitate market access and allow free, uncomplicated and secure trading of cryptocurrencies. The platform is expected to launch in the autumn.
Following BISON’s launch, Boerse Stuttgart said it will be extending its activities to the primary and secondary markets.
It will subsequently launch an ICO platform, which will allow the issuance of digital tokens and enable to carry out ICOs with standardised and transparent processes. Boerse Stuttgart Group is also establishing a multilateral and regulated trading venue for cryptocurrencies.
“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,” said Alexander Höptner, CEO at Boerse Stuttgart GmbH.
The infrastructure for digital assets will be complemented by solutions for safe custody. The company said that the services will include differentiated safety concepts for digital assets and will already be available for the start of BISON. Gradually, the custody service will be available across the entire value chain.