U.S. Securities and Exchange Commission (SEC) unfavorable to a spot Bitcoin ETF blockchain a joint venture of tZero and Boston Options Exchange (BOX) Digital Markets to operate a stock exchange-based to BSTX gave consent.
from the SEC BSTX exchange, which received major approval blockchain It aims to make payments instantly or in an accelerated manner thanks to the transactions realized in its network.
Similar to Orecle, the BSTX exchange, which will provide its customers access to market data recorded on the blockchain network, will be open to both retail and institutional investors.
“BSTX: It’s a Beginning!”
BSTX CEO Lisa Fall made the following statements in her statement on the subject.
“The SEC has taken a very important step today with its approval of BTSX. We look forward to continuing to work closely with the SEC to launch a new fully regulated exchange and help provide more modern tools to the capital markets for issuers and investors.
This approval is a start for BSTX. Because we will continue to make innovations in the field of finance.”
He added that they are working to support regulated crypto markets alongside BSTX stocks.
The SEC, on the other hand, stated in its statement on the subject that the said approval was given depending on BSTX’s compliance with the relevant national market system plans.
The company had been seeking approval from the SEC for a blockchain-based securities exchange since 2020.
In this context, the SEC rejected BOX’s application to record end-of-day securities ownership balances and other trading data on the Ethereum blockchain in 2020.