Deutsche Börse Group has launched the Deutsche Börse Digital Exchange (DBDX), a crypto spot platform for institutional clients, providing trading, settlement and custody services.
Initially, 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. In February, German regulator BaFin granted Crypto Finance (Deutschland) GmbH four licences which include regulated digital asset trading, settlement, and custody services in Germany.
Carlo Kölzer, head of FX and digital assets at Deutsche Börse, said: “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. This enhances market integrity and security. Crypto Finance, with its digital native capabilities in trading, settlement, and custody for crypto assets, will be a key part of the value chain. It is a first step towards realising Deutsche Börse’s ambition in the Horizon 2026 strategy to play a leading role in the digitalisation of asset classes.”
Stijn Vander Straeten, CEO of Crypto Finance, said: “As a well-established Swiss company with a strong commitment to regulatory compliance and delivering top-tier financial solutions, we have further strengthened our position with the introduction of Crypto Finance in Germany as the settlement agent and custodian. This marks a pivotal moment in our mission to cultivate a resilient and trusted digital asset ecosystem together with Deutsche Börse, while also strengthening Crypto Finance’s well-established and regulated custody and settlement offering in Germany.”
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