Boston Security Token Exchange, a joint venture of BOX Digital Markets and tZERO Group, announced that its updated proposed rulebook establishing itself as a securities exchange has been published by the Securities and Exchange Commission (SEC) and is open for public comment.
With its innovations, BSTX’s proposed exchange offers potentially faster settlement, proprietary market data transmitted via blockchain, and better market quality for early stage companies that are thinly-traded.
“This updated proposal sets out a framework for a new exchange that we believe contains advances with major benefits for investors, exchange participants and small, early-stage companies, among others,” said Lisa J. Fall, CEO of BSTX. “We appreciate the thoughtful review of our rulebook by the SEC staff and also look forward to the public comments on this filing.”
In its filing, BSTX proposes an exchange that will benefit capital markets in three important ways:
- Faster Settlements. First, BSTX proposes to allow participants to elect accelerated settlement (i.e., T+0 or T+1) for securities listed on BSTX. BSTX’s approach is consistent with accelerated settlement capabilities currently supported by NSCC and DTC.
- Proprietary Data Feeds. Secondly, using a private, permissioned blockchain that it maintains and controls, BSTX will make available to exchange participants certain proprietary market data related to trading activity occurring on BSTX.
- Innovations for Thinly-traded Securities. Lastly, in response to the SEC’s ongoing search for innovative solutions to improve trading quality in thinly-traded securities, BSTX’s filing proposes suspending unlisted trading privileges (“UTP”) in securities that meet the proposed definition of a “thinly-traded security.” This change would concentrate liquidity for such securities in one national securities exchange, making market making in such securities more attractive, and simultaneously providing earlier stage companies with more market liquidity and a broader pool of public investors.
Source: BSTX
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Asset owners are investing heavily in data, from AI to ESG to real-time tools.
What’s the top priority for the data suite? 👇
#AssetOwners #FinTech #AI #ESG #Data
At #TradeTechFX Barcelona this week, LMAX Group Managing Director of Digital Assets, Jenna Wright, joins @TheBondDESK @marketsmedia to discuss how FX desks are adapting to the rise of digital assets.
She’ll explore market convergence, regulation and the investor opportunities…
Deutsche Börse’s Crypto Finance launches AnchorNote, letting institutions post crypto collateral off-exchange while keeping assets in custody. A step toward safer, more efficient digital asset trading. #Crypto #DigitalAssets
David Martin, CEO of the derivatives business at Singapore-based digital asset exchange AsiaNext, said the next stage of the industry is about the collision of traditional finance (TradFi) and crypto, and “capital efficiency will win the game."
#Crypto
Related articles
-
Chainlink enables 21X to bring real-time, verifiable market data for tokenized securities onchain.
-
DMI will deliver blockchain-powered scale and efficiencies for the full asset lifecycle.
-
This makes a traditionally hard-to-access market available to crypto-native investors and institutions.
-
Pool tokens allow a range of already tokenised assets to be put together into a new token.
-
Investors can access a tokenized real-world asset structured as a bond for storage service provider BoxDepo.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.
