• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

BSTX gets approval to become the first blockchain-powered securities exchange

Ajibola Akamo by Ajibola Akamo
January 30, 2022
in Cryptos
Blockchain security

BSTX gets approval to become the first blockchain-powered securities exchange

Share on FacebookShare on TwitterShare on Linkedin

BSTX, a company created in 2018, that aims to be a fully automated securities exchange by leveraging blockchain technology, has gotten conditional approval from the United States’ Securities and Exchange Commission (SEC), to operate as a trading facility of BOX Exchange.

BSTX is a joint venture borne out of the partnership between tZero, a liquidity platform for private companies and Boston Options Exchange (BOX), an equity options marketplace. The approval gotten from the SEC means that the firm is on track to be the first blockchain-based securities exchange, provided that they join relevant national market system plans.

This is a major leap forward in the list of use cases of Distributed Ledger Technology (DLT) beyond the current use cases we see in multinational firms like Walmart and Honeywell.

RelatedStories

No Content Available

What you should know

According to the press release, BSTX aims to be the first exchange to allow participants choose between accelerated settlements (i.e T+0 or T+1). This is made possible because the platform will be leveraging blockchain technology. The platform will also provide market data recorded on the blockchain.

The press release also stated that BSTX will leverage the technology of a private and permissioned Distributed Ledger Technology (DLT) that it controls to “make participant market data available to them and to make general market data available to industry participants.”

This is not the first time BSTX has sought after approval from the SEC. In 2020, before leveraging private and permissioned DLT, BSTX wanted to record end-of-day securities ownership balances and other trading data to the Ethereum blockchain. The SEC rejected this proposal stating that inaccurate information could be published to the blockchain, as BSTX intended to use an “omnibus wallet” for non-BSTX stock transaction data, which the regulator feared could not stay up to date.

BSTX CEO Lisa Fall stated, “The SEC has taken an important step forward today in its approval of BSTX as a national securities exchange facility. 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 endeavour tZERO. We are looking forward to continuing to work with them to provide institutional-grade trading technology to participants on BSTX.”

Bottomline

We have seen many use cases of DLT helping traditional companies solve complex problems that have consistently been an issue and have ultimately affected their bottom line. Walmart for example is able to use blockchain technology to help trace where food comes from and this became important in times of an outbreak of a food-borne disease. Asides from Walmart, we have Honeywell, a multi-industry conglomerate that covers aerospace technology, manufacturing, retail and many more, leverages blockchain technology to reform the market for used airplane parts, a market worth more than $4 billion.

DLT is faster becoming a necessity in making building processes easier so that the organization can deliver the best value to its respective clients. BSTX also mentioned that it is working to eventually support regulated crypto markets alongside its equity offerings.

Tags: BOX ExchangeBSTX
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

No Content Available
Next Post
Creating a comfortable lifestyle for your personality

How I intend to 'chop life' in 2022; Lifestyle changes to make in 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 
  • Africa needs gas as a transformational fuel for development – Sahara Group 
  • FG to pilot 6-month training for 3,000 artisans in 10 construction trades across 3 states  

Follow us on social media:

Recent News

President Tinubu appoints 6 Chief Medical Directors for federal hospitals on 4-year terms 

President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 

July 13, 2025
Africa needs gas as a transformational fuel for development – Sahara Group 

Africa needs gas as a transformational fuel for development – Sahara Group 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics