BSTX Receives SEC Approval For Blockchain-Powered Securities Exchange

Posted on by American Coins & Gold

BSTX Receives SEC Approval For Blockchain-Powered Securities Exchange
BSTX, a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets, has received the green light from the U.S. Securities and Exchange Commission (SEC) to operate a blockchain based securities exchange.BSTX is aiming for immediate or accelerated settlement (T+0 or T+1) thanks to the transactions taking place on the blockchain. It will also provide market data recorded on the blockchain in a process similar to an Oracle. This will be done via a blockchain run by BSTX.The exchange will be open to both retail and institutional investors.BOX has been trying to get SEC approval for some sort of…