Boerse Stuttgart is doubling down on its investment in the crypto markets with plans to develop a new platform for Initial Coin Offerings, a multilateral trading venue for cryptocurrencies and safe storage of digital assets.
The German bourse is already prepping the launch of a new app, dubbed Bison, offering the public fee-free access to investment in cryptocurrencies.
The next move will see it extend its activities to the primary and secondary markets. An ICO platform will allow the issuance of digital tokens, for corporate financing or to represent rights and assets.
At the same time, the Exchange is establishing a multilateral and regulated trading venue for cryptocurrencies.
Alexander Höptner, CEO at Boerse Stuttgart, states: "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."
Established cryptocurrencies like bitcoin and Ethereum will also be traded and the full service infrastructure will be supported by solutions for safe custody.
"On this basis we can offer central services along the value chain for digital assets, all under one roof," says Höptner.
The spate of activity follows the establishment by the Bourse of a 'Digital Ventures' unit in September last year and the subsequent acquisition of local data analytics startup Sowa Labs, which is building the Bison app.