Back in April, the Boerse Stuttgart Group announced its fintech subsidiary Sowa Labs would release a cryptocurrency trading app. Yesterday the Boerse announced it plans to launch a platform for fundraising via ICOs, a multilateral trading platform for cryptocurrencies, and also provide custodial services.
By providing all three solutions, the group intends to offer an end-to-end infrastructure.
The ICO approach might be more conservative than it appears at first. The group’s statement provided examples such as the issue of digital tokens for corporate finance or to represent rights and assets. So they may not support startups raising funds based on a powerpoint. The group said that ICOs would be standardized and transparent.
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