solarisBank shines for Boerse Stuttgart’s crypto trading launch
Boerse Stuttgart Group will launch a crypto trading venue in the first half of 2019 with solarisBank providing the required banking services.
As a technology and banking partner, solarisBank says it supports Boerse Stuttgart by creating an end-to-end infrastructure for digital assets.
Boerse Stuttgart will offer both fiat and crypto currencies
“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.
Boerse Stuttgart will offer both fiat and crypto currencies. To begin with, “established crypto currencies” such as Bitcoin or Ethereum will be available for trading.
Once the initial coin offering (ICO) platform, which is currently being developed, has gone live, tokens issued there will also be available for trading in the secondary market.
The venue is open to both private and institutional investors and facilitates order opportunities comparable to securities trading.
According to the Boerse, 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.
solarisBank is a busy soul in our fintech world. It offers a Banking-as-a-Service platform with a full banking licence that enables companies to offer their own financial products.
A recent example of its activity is from last month when Berlin-based Modifi unveiled its digital trade finance platform. To make that happen it teamed with solarisBank as its licensed banking partner.
