The SEC approval of BSTX does not include crypto trading or other utilization of blockchain technology. The United States Securities and Exchange Commission (SEC) has issued administrative authority to the Boston Security Token Exchange (BSTX), a recent facility of the Boston-based BOX exchange, to serve as a blockchain-based securities exchange.BSTX was formed by BOX and Overstock’s blockchain arm, tZERO, to obtain regulatory authority to release publicly-traded registered security tokens. The SEC’s approval to function as a national securities exchange, on either side, enables BSTX to leverage blockchain technology for rapid settlements in traditional markets. According to the Securities and Exchange Commission (SEC), “The Commission notes that the [BSTX] Exchange’s current proposal does not involve the trading of digital tokens and such a proposal, or any other additional use of blockchain technology.”The SEC formerly refused BSTX approval to provide crypto-focused services, h
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