Germany's No.2 Stock Exchange Is Developing an ICO Platform

Germany's second-largest stock exchange is developing an ICO platform, it announced on Thursday.

Boerse Stuttgart expects to roll out the platform as part of larger "End-to-end infrastructure" for "Digital assets" it is currently developing, and says the ICO platform will allow token issuers to conduct token sales with "Standardized and transparent processes."

The bourse's announcement comes just months after it unveiled plans for a crypto trading app.

The debut of the ICO platform, trading venue and will follow Bison's launch, Boerse Stuttgart said, while its custody services will be available before Bison is live.

"At the trading venue tokens issued via our ICO platform can be traded on the secondary market. This is an important success factor for ICOs. At the same time, we are responding to demand from both retail and institutional investors for a regulated and reliable environment for trading and cryptocurrencies."

According to Hoptner, the new suite of crypto services reflects the company's efforts to facilitate the "Digital transformation of financial markets and financial products."

"We can offer central services along the value chain for digital assets, all under one roof," he said.

Boerse Stuttgart is not the only stock exchange operator to enter crypto services.

Canadian stock exchange TMX announced in March that its subsidiary had inked a deal to establish a cryptocurrency brokerage that plans to initially focus on bitcoin and ether.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.