The SEC has just recently approved the BSTX as the newest national securities exchange. The joint venture between tZERO Group, Inc., and BOX Digital Markets LLC, is to be the first-ever SEC Regulated, fully automated securities exchange that leverages blockchain technologies. But What even is the benefit of this new exchange?
Here is the breakdown of this new exchange, along with some of the benefits that this highly anticipated SEC approval will provide to U.S. capital markets:
Transactions will be taking place on BSTXs secure and private blockchain. Due to this technology BSTX will be able to provide immediate or accelerated settlement (T+0 or T+1), as well as record and make market data available to industry participants.
The new exchange will be open to all participants i.e. intuitional as well as retail investors.
BSTX has also stated its interest in eventually supporting regulated crypto markets as well.
In a recent statement CEO Lisa Fall recently said “Today’s approval is only the start for BSTX. We are encouraged and energized by the outreach to date from both traditional and non-traditional finance participants. Utilizing future rule filings, we plan to respond with a series of further innovations that will benefit both the issuer and trading communities.”
