Frankfurt Stock Exchange Owner, Deutsche Börse, Accelerates Blockchain-Based Digital Asset Plans

Frankfurt Stock Exchange Owner, Deutsche Börse, Accelerates Blockchain-Based Digital Asset Plans

Crypto News – Deutsche Börse, the owner of the Frankfurt Stock Exchange, has announced its ambitious plans to expedite the development of its blockchain-backed D7 digital securities registry and construct a dedicated trading platform for digital assets.

The strategic vision of Deutsche Börse for the upcoming years firmly includes cryptocurrency. This was highlighted in the “Horizon 2026” report released on November 7th, where the company outlined its commitment to expanding its leadership position in the domain of digital platforms, encompassing both established and emerging asset classes.

Deutsche Börse envisions significant growth opportunities in the long term by leveraging new technologies to digitize both existing and emerging asset classes. As part of this initiative, the company is committed to fast-tracking the evolution of its blockchain-supported D7 digital securities registry while simultaneously building a comprehensive trading platform for digital assets.

The proposed digital asset platform will cater exclusively to institutional investors, offering a range of services including tokenization, trading, settlement, and custody for a variety of securities, alternative assets, and cryptocurrencies. While the report alludes to the inclusion of stablecoins and central bank digital currencies, specific details regarding their status on the platform remain undisclosed.

Notably, Frankfurt Stock Exchange is not the first of its kind to venture into the world of digital asset trading. Germany’s second-largest stock exchange, Boerse Stuttgart, commenced cryptocurrency trading services for its customers in April 2022. Additionally, the London Stock Exchange Group has announced plans to offer clearing services for United States dollar-denominated cash-settled Bitcoin index futures and options contracts starting in 2024.

Deutsche Börse’s engagement with the world of cryptocurrencies is not a recent development. In 2021, its digital exchange, Deutsche Börse Xetra, took a significant step by listing a Litecoin exchange-traded product offered by London-based ETC Group.