8 months ago
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The launch of DBDX marks a milestone in Deutsche Börse’s strategic vision to lead the digitalization of asset classes, as outlined in their “Horizon 2026” strategy.
Deutsche Börse Group, an international exchange organization, has taken a significant step into the realm of crypto assets by launching the Deutsche Börse Digital Exchange (DBDX). It is a regulated crypto spot platform primarily aimed at institutional customers, offering a comprehensive ecosystem for trading, settlement, and custody of cryptocurrency assets.
Paving the Way for a Secure and Compliant Platform
The launch of DBDX marks a milestone in Deutsche Börse’s strategic vision to lead the digitalization of asset classes, as outlined in their “Horizon 2026” strategy. By obtaining the necessary licenses from BaFin, the German financial regulatory authority, including those for regulated trading, settlement, and custody services, Deutsche Börse has paved the way for a secure and compliant platform catering to institutional investors’ needs.
Carlo Kölzer, the Head of FX & Digital Assets at Deutsche Börse, emphasized the importance of creating trustworthy markets for crypto assets, ensuring transparency, security, and adherence to regulations. He stated:
“Our new offering is a game changer for digital ecosystems. We want to offer institutional clients in Europe trustworthy markets for crypto assets characterized by transparency and security and where operations comply with regulatory requirements.”
This aligns with Deutsche Börse Group’s core mission of ensuring transparent, reliable, and stable capital markets.
The DBDX platform fills a significant gap in the market by offering a trusted environment for institutional investors to trade cryptocurrencies. At first, trading will be facilitated through a request for quote (RFQ) function, which allows participants to request quotes from market makers or other participants before executing a trade. Multilateral trading, where participants can trade directly with one another, will be introduced later.
Deutsche Börse, in conjunction with Crypto Finance (Deutschland) GmbH, is a digital platform for trading and custody of crypto assets. While Deutsche Börse operates the trading venue, Crypto Finance handles transaction processing and custody services, playing a crucial role in the value chain.
Stijn Vander Straeten, the CEO of Crypto Finance, highlighted the importance of their collaboration with Deutsche Börse, stating:
“This is a crucial moment in our ambition to work with Deutsche Börse to create a stable and trustworthy digital asset ecosystem while strengthening Crypto Finance’s established and regulated custody and settlement offering in Germany.”
By offering a wide range of solutions to institutional investors in the digital asset market, DBDX addresses a significant need for a regulated and secure environment. This move strengthens Deutsche Börse Group’s presence in the digital asset market and demonstrates its ability to provide innovative financial solutions to customers in Germany and other European markets.
Embracing the Future of Finance
With the launch of DBDX, Deutsche Börse Group has taken a bold step towards embracing the digital asset revolution while upholding its core values of transparency, reliability, and stability in the capital markets. Deutsche Börse is positioning itself as a pioneer in the rapidly evolving digital asset landscape by providing a regulated and secure platform for institutional investors to engage with cryptocurrency assets.
