Frankfurt Stock Exchange proprietor Deutsche Börse has included crypto in its strategic priorities for the approaching years.
According to the “Horizon 2026” report revealed on Nov. 7, Deutsche Börse seeks “an expansion of the leading position in the area of digital platforms for existing and new asset classes.”
The firm believes that, in the long term, there’s “further growth potential from new technologies through the digitalization of existing or new asset classes.” Hence, it intends to speed up the event of its blockchain-backed D7 digital securities registry and construct a trading platform for digital property.
Related: DZ Bank, third-largest German bank, to start crypto custody for institutional investors
The digital asset platform will serve solely institutional buyers and facilitate tokenization, trading, settlement and custody providers for securities, various property and cryptocurrencies. The report mentions stablecoins and central financial institution digital currencies, though their standing on the potential platform isn’t specified.
Frankfurt gained’t be the primary inventory change to dive into digital property trading. Germany’s second-largest inventory change, Boerse Stuttgart, began offering its clients cryptocurrency trading in April 2022. The London Stock Exchange Group is set to provide clearing providers for United States dollar-denominated cash-settled Bitcoin index futures and choices contracts in 2024.
The Frankfurt Stock Exchange is not any novice to crypto. In 2021, its digital change, Deutsche Börse Xetra, listed the Litecoin exchange-traded product from the London-based ETC Group.
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