Boerse Stuttgart’s Blocknox Set to Launch Crypto Custodial Platform for Enterprises | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Boerse Stuttgart, Germany’s second-largest stock exchange, has announced that its subsidiary, blocknox, is putting preparations in top gear to launch a crypto custodial platform that will cater to the needs of institutional clients such as banks, fintech firms and others, according to a Ledger Insights report on February 18, 2020.
Blocknox to Unveil Crypto Custody for Firms
Building upon the success of its existing crypto custodial service which was created in January 2019 to cater to the needs of users of its BISON digital assets trading app, as well as the Boerse Stuttgart Digital Exchange (BSDEX), blocknox, a subsidiary of the 160-year-old stock exchange is rolling out a crypto custody for institutional investors.
At a time when observers have cited the lack of widespread and robust crypto custodial platforms as one of the major factors hindering institutional investors from joining the bitcoin (BTC) movement, blocknox is determined to solve this challenge to some extent, by building a platform that will serve some of these enterprises, including banks and fintech firms.
Commenting on blocknox’s crypto custody ambition, Dr. Ulli Spankowski, Managing Director of blocknox GmbH, reiterated that the platform will make life easier for institutional big whales.
In his words:
“As a pioneer in Germany,