Bourtgart Bourse unit is getting OK for the BlickChain System for Trading in Switzerland

Zurich (Reuters) – The Regulator of the Financial Market of Switzerland approves the Swiss area of ​​Stuttgart Stock Exchange License Management Based on Block-Underground, Tuesday, Unit, BKS Digital, Tuesday.

The basic element of the new digital trade system is a direct solution and transfer of property through the Block Block based on Etherum operating system, without the need for intermediaries such as central security deposits.

This saves time and money and enables trading tokenized assets such as actions, bonds and resources between market participants such as banks and companies of securities, announced.

“BKS Digital aims to become a leading Swiss infrastructure of financial markets for a trade and decentralized settlement of digital property,” said BKS Digital CEO Lidia Kurt.

The direct connection to the Payment System of Switzerland National Bank provides integration with existing banking systems.

Kurt said the new platform would start working in the next six months.

Stuttgart Exchange has expanded the benefits of Blockcach technology for the European Capital Market.

“Like pioneers, we want to shape the digital European market infrastructure for the tokened property and thus lay the foundation for the end of the Union in the capital market,” Matthias Voelkel, General Manager Boers Stuttgart Group.

“The BKS Digital is the first step, and our platform for the issuance and settlement of digital European and the settlement will follow.”

(Reporting oliver of motherpower. Editing by the Potter brand)