SEC approves BSTX to operate blockchain-based stock exchange

On January 28, BSTX has received approval from the U.S. Securities and Exchange Commission (SEC) to operate a blockchain-based stock exchange. It is reported that BSTX is a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets. Since transactions take place on the blockchain, BSTX aims for immediate or accelerated settlement (T+0 or T+1). It will also provide market data recorded on the blockchain in an oracle-like process. This will be done through the blockchain that BSTX runs on. The exchange will be open to retail and institutional investors. In addition to supporting equity products, BSTX said it is working to eventually support regulated crypto markets. (CoinDesk)