Boston Security Token Exchange LLC (BSTX) is designing the world’s first regulated exchange for trading security tokens. The trading platform is powered by tZERO technology. BSTX is jointly owned by BOX Digital Markets and tZERO.
BSTX has filed with the Securities and Exchange Commission (SEC) their proposed rulebook for the first regulated security token exchange. BOX Exchange LLC a national securities exchange registered with the SEC under Section 6 of the Securities Exchange Act of 1934 will operate and regulate BSTX exchange.
tZERO will manage ongoing technology implementation, administration, maintenance, and support. Whereas, BOX Digital provides executive leadership and regulatory expertise. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology.
Susan Chamberlin, Chairman of BSTX said “The submission of the proposed rulebook is a significant milestone that will pave the way for the secure and efficient trading of security tokens on a regulated exchange. There is no doubt that security tokens are the future of capital markets and we are excited to be working to continue to advance this evolution of the industry through creation and trading of blockchain-based tokenized securities.”
At a Glance: Previously in January 2019, Currency.com, a next-generation blockchain technology firm announced the launch of the world’s first tokenized securities exchange.