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Boerse Stuttgart Group partners with solarisBank to develop crypto trading venue

Wed, 12 Dec 2018, 11:45 am UTC

solarisBank, a Berlin-based fintech company, has announced that it will support Boerse Stuttgart Group, Germany’s leading floor-based exchange, in creating an end-to-end infrastructure for digital assets.

Boerse Stuttgart first revealed its plans to create the end-to-end infrastructure for digital assets in August 2018. It said at the time that it plans to create a platform for initial coin offerings (ICOs), a multilateral trading venue for cryptocurrencies, as well as solutions for safe custody.

According to the latest announcement, solarisBank is supporting the initiative in its capacity as a technology and banking partner.

In collaboration 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. solarisBank will provide the required crypto trading banking services.

"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 crypto currencies 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 had previously announced that it is developing BISON – a trading application that will facilitate market access and allow free, uncomplicated and secure trading of cryptocurrencies.

In its official release, Boerse Stuttgart said that its crypto trading venue will support established cryptocurrencies such as bitcoin and Ethereum. It will be open to both private and institutional investors and facilitate order opportunities “comparable to securities trading.”

In addition, once the ICO platform goes live, the tokens issued there will also be available for trading in the secondary market.

“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 crypto currencies. 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.

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