The second largest stock exchange in Germany will launch a new application to offer the public access to crypto assets.
The application, which bears the name Bison, is being developed by the technology company Sowa Labs, a company acquired by the Stuttgart Stock Exchange at the end of 2017 as part of its “digital strategy”. The application already has a prototype open to the public and according to the above, this application will not charge any kind of fee to investors for their movements.
Now “Die Boerse auf Stuttgart” is preparing to extend its activities to the ICOs in order to offer a digital token issuing service within a multilateral and regulated market. The ICO platform will also allow corporate financing and the possibility of representing active rights virtually.
For Alexander Höptner, CEO of Boerse Stuttgart, this development is an important step for ICOs in Germany and Europe as they are “responding to the demand from retailers and institutional investors for a regulated and reliable environment for trading in crypto currencies”.
Crypto assets and ICO
In addition to the ICOs, the platform will also market Bitcoin and Ethereum, thus providing a complete service with respect to virtual security to turn it into a platform fully shielded against hacker attacks. Alexander Höptner commented that in this way they are offering “central services along the value chain for digital assets, all under one roof”.
The interest of the Stuttgart Stock Exchange in the application of Blockchain technology is not unique in the world. We can see other institutions, both economic and from other sectors, that are interested in applying Blockchain technology in their processes.
In Dubai they are looking to create a “Blockchain Court” within their financial tribunals to deal with conflicts related to this technology. They also consider that applying the Blockchain in all their courts can help to carry out judicial processes in a better way.
In South Korea, the Financial Supervision Service is investigating the implementation of Blockchain technology within the stock markets throughout the country. They would be interested in how technology can improve the safety and efficiency of the financial operations they carry on their stock exchange.