Germany's second largest stock exchange Boerse Stuttgart Group has announced that it is creating an end-to-end infrastructure for digital assets. It is first launching a cryptocurrency trading app 'BISON' in the autumn of this year. The exchange is then also working on a platform for initial coin offerings (ICOs), a multilateral trading venue for cryptocurrencies as well as solutions for safe custody.
BISON app will facilitate market access and allow the free, uncomplicated and secure trading of cryptocurrencies, it said. An ICO platform will allow the issuance of digital tokens, for corporate financing or to represent rights and assets, for instance. The platform will also make it possible to carry out ICOs with standardized and transparent processes, the exchange said. Boerse Stuttgart is also establishing a multilateral and regulated trading venue for cryptocurrencies.
Alexander Höptner, CEO at Boerse Stuttgart 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. Furthermore, established cryptocurrencies like Bitcoin or Ethereum will also be traded."
In April of this year, Boerse Stuttgart's subsidiary Sowa Labs first unveiled the plan of launching a cryptocurrency trading app by the group in September 2018.