The second largest stock exchange in Germany is apparently developing an ICO platform. According to the announcement on Thursday, Boerse Stuttgart is expecting to roll out the platform as part of its “end-to-end infrastructure” for the “digital assets” that it is currently developing.
As the stock exchange noted, the ICO platform will allow token issuers to conduct token sales in what they described as “standardized and transparent processes.” The platform will also offer “multilateral trading venue for cryptocurrencies as well as solutions for safe custody” as the statement noted.
The announcement comes just months after Boerse Stuttgart unveiled its plans for a crypto trading app.
There is also a crypto trading app which is being prepared. Dubbed Bison – it is expected to launch in September. The debut of the ICO platform will follow Bison’s launch, according to the stock exchange, and its custody services will be available before Bison is live.
As the CEO of the stock exchange, Alexander Hoptner 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 and cryptocurrencies.”
Hoptner also added that the company plans to “closely cooperate” with the financial regulators. According to him, the new suite of crypto services goes in line with the company’s efforts to facilitate the “digital transformation” of the German financial market and products.
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