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 may be “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 belongings.
Related: DZ Bank, third-largest German bank, to start crypto custody for institutional investors
The digital asset platform will serve solely institutional traders and facilitate tokenization, trading, settlement and custody providers for securities, different belongings and cryptocurrencies. The report mentions stablecoins and central financial institution digital currencies, though their standing on the potential platform is just not specified.
Frankfurt received’t be the primary inventory alternate to dive into digital belongings trading. Germany’s second-largest inventory alternate, 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 isn’t any novice to crypto. In 2021, its digital alternate, Deutsche Börse Xetra, listed the Litecoin exchange-traded product from the London-based ETC Group.
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