Deutsche Börse AG is planning to launch a regulated cryptocurrency exchange in 2024, as it expands its footprint in the digital asset industry. The move aligns with Germany's upcoming crypto regulatory changes, and the exchange will cater to both institutional investors and retail traders. The company also has plans to introduce a regulated stablecoin to facilitate seamless trading of digital assets, according to an announcement made today.
The German exchange operator revealed in its "Horizont 2026" report its plans for crypto integration and the acceleration of the D7 digital securities registry development. The report highlighted the firm's intention to offer a platform for tokenization, trading, settlement, and custody services for various assets, including cryptocurrencies. However, the role of stablecoins and Central Bank Digital Currencies (CBDCs) on this platform was hinted at but not clarified.
In addition to this, Deutsche Börse's D7 system has issued over €3 billion (EUR1 = USD1.0681) worth of securities to major clients such as Commerzbank (ETR:CBKG) AG (OTC:CRZBY), DekaBank, Vontobel Holdings AG, and LBBW. The firm has also made strategic investments in FundsDLT for investment fund distribution and 360X Music AG for music industry tokenization.
This move towards digital assets is not Deutsche Börse's first. In 2021, Deutsche Börse Xetra listed the Litecoin ETP from the London-based ETC Group, demonstrating its sustained commitment to crypto. Other financial institutions are also making strides in the crypto space. DZ Bank, Germany's third-largest bank, is gearing up to provide crypto custody services for institutional investors.
The $1.43 trillion cryptocurrency market is poised for significant growth due to increased interest from institutional investors and regulatory advancements like the EU's MiCA framework and German crypto regulations. Other exchanges such as Boerse Stuttgart began offering cryptocurrency trading in April 2022, and the London Stock Exchange Group (LON:LSEG) is preparing to offer clearing services for Bitcoin futures and options contracts in 2024.
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