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 order to create a “global end-to-end ecosystem for digital assets, utilizing blockchain technology.”
Moreover, SBI Holdings will invest in Boerse Stuttgart Digital Exchange GmbH 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.
(to be updated)