Applications and Use Cases

SEC Approves BSTX

January 28, 2022

After months of anticipation, the United States Securities and Exchange Commission (SEC) approved the first ever blockchain-based securities exchange developed by BSTX, a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets.

The BSTX exchange is a monumental step forward in the capital investing world, allowing investors to benefit from short settlement times for transactions with the support of private blockchain infrastructure. Additionally, participants will be able to leverage market data stored on the blockchain to fuel their future investments.

“The SEC has taken an important step forward today in its approval of BSTX as a national securities exchange facility,” said BSTX CEO Lisa Fall. “We are eager to continue to work closely with the SEC to launch BSTX as a fully regulated exchange and to help provide capital markets with more modern tools for issuers and investors. We are particularly grateful to our technology partner in this endeavor tZERO. We are looking forward to continuing to work with them to provide institutional-grade trading technology to participants on BSTX.”

According to a report from CoinDesk, the SEC’s approval is only valid if BSTX agrees to a few conditional requirements. This includes joining relevant national market system plans, and as well as taking part in an intermarket surveillance group to ensure regulatory compliance. Despite these rulings, Lisa Fall believes the announcement is an optimistic sign regarding the future of crypto and alternative finance.

“Today’s approval is only the start for BSTX,” added Fall. “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.”

Interested in learning more about blockchain technology? Be sure to visit The Blockchain Event In Fort Lauderdale, Florida from June 21-24, 2022 to hear from industry experts about the future potential of this new technological frontier.

Edited by Maurice Nagle

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