First Dig­i­tal Exchange in Ger­many launched by Börse Stuttgart

The sec­ond-largest stock exchange in Ger­many has launched Boerse Stuttgart Dig­i­tal Exchange (BSDEX): the first reg­u­lat­ed trad­ing venue for expe­ri­enced investors to trade dig­i­tal assets. Thanks to blockchain tech­nol­o­gy and BSDEX’s fixed rules, investors’ can direct­ly exchange the Euros for Bit­coin, allow­ing them to make invest­ments online immediately.

BSDEX was estab­lished as a joint ven­ture by Boerse Stuttgart GmbH, Axel Springer and finanzen.net; as of now the dig­i­tal plat­form is oper­at­ing for select­ed users in Ger­many and is ful­ly com­pli­ant with reg­u­la­to­ry require­ments in accor­dance with sec­tion 2, para­graph 12 of the Ger­man Bank­ing Act (Kred­itwe­sen­ge­setz).

 

Bit­coin Today, Token Tomorrow

As of now only select­ed coins are avail­able to be trad­ed yet in the fol­low­ing year BSDEX is to start offer­ing trades for tok­enized assets such as shares of real estates. Those tokens will then have to be com­pli­ant with the reg­u­la­tions set by the Fed­er­al Finan­cial Super­vi­so­ry Author­i­ty BaFin.

BMCP looks for­ward to co-oper­at­ing and devel­op­ing the mar­ket togeth­er. We ful­ly agree with what Peter Großkopf, the CTO at Boerse Stuttgart Dig­i­tal Exchange GmbH, envi­sions for the future: “We believe blockchain is set to bring about sig­nif­i­cant changes in the finan­cial indus­try (…)”. Just as many oth­ers we are very keen to see the first list­ings of Secu­ri­ty Token Offerings.

 

Pho­to Cred­it: Börse Stuttgart