– Crypto trading on the new Deutsche Börse Digital Exchange (DBDX) for crypto assets goes live
– Regulated spot crypto asset trading platform is targeted at institutional clients
– Crypto Finance and DBDX provide a complete crypto ecosystem and value chain for institutional trading, settlement, and custody of crypto assets
Deutsche Börse Group, one of the world’s leading exchange organisations, has launched the Deutsche Börse Digital Exchange (DBDX), a crypto spot platform for institutional clients. DBDX offers a fully regulated and secure ecosystem for trading, settlement and custody of crypto assets that leverages the existing connectivity to market participants.
The offering fills a gap in the market and positions Deutsche Börse at the centre of the growing institutional market for digital assets, while providing clients with a comprehensive suite of innovative and secure financial solutions for digital assets from a single point of access and across the value chain.
As a first step, trading on the DBDX will take place on a Request for Quote (RfQ) basis, followed by multilateral trading. Deutsche Börse operates the trading venue and Crypto Finance (Deutschland) GmbH will provide settlement and custody services.
DBDX supports the necessary development of a trusted digital asset ecosystem that meets institutional-grade standards. It also marks a significant milestone as it strengthens the Group’s presence and demonstrates its ability to deliver innovative financial solutions for digital assets to clients in Germany and other European markets.Carlo Kölzer, Head of FX & Digital Assets at Deutsche Börse, comments: “Our new solution is a game changer for digital ecosystems. We aim to provide trusted market operations for crypto assets, ensuring transparency, security, and regulatory compliance for institutional clients in Europe.
As an international exchange organisation and innovative market infrastructure provider, Deutsche Börse Group ensures capital markets that are transparent, reliable and stable. With its wide range of products, services and technologies, the Group organises safe and efficient markets for sustainable economies. Its business areas cover the entire financial market transaction process chain. This includes the provision of indices, data, software, SaaS and analytical solutions as well as admission, trading and clearing. Additionally, it comprises services for funds, the settlement and custody of financial instruments as well as the management of collateral and liquidity. As a technology company, the Group develops state-of-the-art IT solutions and offers IT systems all over the world. With more than 14,000 employees, the Group has its headquarters in the financial centre of Frankfurt/Rhine-Main, as well as a strong global presence in locations such as Luxembourg, Prague, Cork, London, Copenhagen, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and Sydney.
Related art.:
– Deutsche Boerse launches regulated spot platform for crypto assets –
”reuters.com”
– Blockchain/distributed ledger technology
A game changer for the financial markets – ”deutsche-boerse.com”
– Deutsche Börse goes live with spot crypto trading on DBDX –
”ledgerinsights.com”
