BSTX
The First Fully-Automated, Blockchain-Enabled Securities Exchange
Joint Venture Between tZERO Group Inc and BOX Digital Markets LLC
The Boston Security Token Exchange (BSTX), a joint venture between tZERO Group Inc and BOX Digital Markets LLC, has received approval from the U.S. Securities and Exchange Commission (SEC) to operate as a national securities exchange.
This is the first time the SEC has approved a blockchain-enabled securities exchange, and BSTX will be the first fully-automated price-time priority execution exchange for trading. The exchange will list companies that offer exchange-traded products, including tokenized securities.
BOX Digital Markets is a wholly-owned subsidiary of BOX Options Exchange LLC, which is itself a wholly-owned subsidiary of the TMX Group. tZERO Group Inc is a blockchain technology company that provides infrastructure for the issuance, trading, and settlement of digital assets.
The approval of BSTX is a significant milestone for the development of the blockchain industry. It demonstrates the SEC's willingness to embrace new technologies and its commitment to fostering innovation in the financial markets.
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