September 2019 – That’s how to deal with crypto currencies as a new asset class: Germany’s first regulated trading venue for digital assets is now active on the Stuttgart stock exchange. On the “Börse Stuttgart Digital Exchange” (BSDEX). Bitcoin can initially be traded for euros. In the next step, tokenised securities will follow. The goal of round-the-clock trading 365 days a year, which represents a major advantage of digital securities and security token offerings (STO), is thus within reach. 

So far, access has only been possible for selected users. However, this will change shortly, when private and institutional investors will also be able to trade on BSDEX. 

The Stuttgart Stock Exchange, the second largest German stock exchange, has been a pioneer in the crypto world for quite some time. One example is the Bison app, which enables private investors to trade Bitcoin, Ethereum, Litecoin and Ripple via their smartphone.

The trading venue of the future with strong partners 

Peter Großkopf, CTO at BSDEX, is quoted in the press release: “Private and institutional investors will have direct access via BSDEX to digital assets that they can trade flexibly and at relatively low cost. The blockchain will change the financial industry forever. We are taking up the technology trend and building the marketplace of the future.“ 

The technical operator of BSDEX is Boerse Stuttgart Digital Exchange GmbH, a joint venture of Boerse Stuttgart GmbH, Axel Springer and solarisBank is responsible for processing payments and storing customer funds in euros. The digital assets acquired on BSDEX are held in trust by blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH. 

The BSDEX credit account is free of charge for users and under the protection of the German Deposit Protection Fund. As a trading venue under the umbrella of the Stuttgart Stock Exchange group, BSDEX is subject to supervision by the Federal Financial Supervisory Authority (Bafin). 

The industry expert Philipp Sandner, head of the Blockchain Center of the Frankfurt School of Finance and Management, expresses his appreciation for BSDEX. He told the Handelsblatt that there are only a few German companies that pursue a blockchain strategy as consistently as the Stuttgart Stock Exchange. It is remarkable how here an established stock exchange, which has been active on the market for decades, quickly builds up a cryptosegment.

Photo credit: m-b-m/Unsplash



Marienterasse 12 | 22085 Hamburg

040 / 334 603 340