Financial Giants Boerse Stuttgart and SBI Holdings Are Now Partners in Crypto 101Source: iStock/PeopleImages

Boerse Stuttgart Group (BSG), the operator of the second-largest stock exchange in Germany, and Japanese financial giant SBI Group has partnered in order to create a “global end-to-end ecosystem for digital assets.”

Moreover, SBI Holdings will invest in Boerse Stuttgart Digital Exchange GmbH (BSDEX) and plans to invest in Boerse Stuttgart Digital Ventures GmbH, BSG said on Friday, without providing any details about the deal.

Alexander Höptner, Chairman of the Management Board of Boerse Stuttgart, said that besides the exchange of knowledge and technology, possible fields of collaboration include the cross issuance and listing of digital assets, trading and brokerage as well as the creation of the global custody bridge.

“The SBI Group, including its crypto-asset trading platform and other related business operating companies, will fully make use of the collaboration with Boerse Stuttgart Group, to well-establish the actual demands of the digital asset throughout the world,” Yoshitaka Kitao, President of SBI Holdings, who is also a board member of Ripple, a blockchain company focusing on the payments technologies.

As reported, in September, Boerse Stuttgart launched BSDEX, which is the Germany’s first regulated trading venue for digital assets. While trading on the platform was initially launched for selected users, starting December it is now open to all investors based in Germany.

“The next step is the creation of a primary market platform that will allow companies the issuance of digital tokens, for corporate financing or to represent rights and assets, for instance,” Dirk Sturz, CEO of Boerse Stuttgart Digital Exchange, told Cryptonews.com back then, adding that BSDEX will be opened for investors in other countries of the European Union in an unspecified future.

BSDEX, is a joint venture of Boerse Stuttgart, Axel Springer, a major European publishing house, and finanzen.net, the finance news website owned by Axel Springer.

Boerse Stuttgart Digital Ventures is leading the digitization strategy of BSG. Its subsidiaries are Sowa Labs GmbH, who has developed the cryptocurrency trading app Bison, and blocknox GmbH, a custodian for digital assets.

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