As a technology and banking partner, solarisBank announced it will partner and support Boerse Stuttgart Group in creating an end-to-end infrastructure for digital assets. Together with solarisBank, Boerse Stuttgart Group is developing the trading system for its crypto trading venue, which is set to launch in the first half of 2019.
In addition, solarisBank will provide the required crypto trading banking services to Boerse Stuttgart Group.
“With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. solarisBank’s Blockchain Factory supports us in taking trading in cryptocurrencies and tokens to the next level and in setting new standards in transparency and reliability” says Alexander Höptner, CEO of Boerse Stuttgart GmbH.
“Boerse Stuttgart Group and solarisBank share the ambition to shape the future of the financial industry. A reliable and performant trading venue is a fundamental contribution to our shared vision of a hybrid financial world with both fiat and cryptocurrencies. We are very pleased that Boerse Stuttgart Group chose our Blockchain Factory around Peter Grosskopf and Michael Offermann as its trusted partner”, says Roland Folz, CEO of solarisBank.
To begin with, established cryptocurrencies such as Bitcoin or Ethereum will be available for trading on Boerse Stuttgart Group’s trading venue. Once the ICO platform of Boerse Stuttgart Group, which is currently being developed, has gone live, tokens issued there will also be available for trading in the secondary market.
The crypto trading venue will be open to both private and institutional investors and facilitates order opportunities comparable to securities trading. Open order books provide information about existing orders and the current market situation at all times. Investors’ orders are executed according to fixed rules. Regulation as a Multilateral Trading Facility (MTF) is being sought for the crypto trading venue.