Today the Deutsche Börse and Commerzbank announced a new Frankfurt-based digital asset venture 360x in which both companies will invest. The venture’s CEO and founder is Carlo Kölzer, who started the FX company 360T, acquired by Deutsche Börse in 2015 for almost $800 million. Kölzer is still with the group and is its Global Head of FX.
Initially, the focus will be on using blockchain to tokenize art and real estate with a minimum viable product (MVP) planned for later this year.
“Our mantra is ‘Making Things Investable – Bridging the Gap between Asset Classes and Capital Markets’. We create transparent and liquid trading venues for assets that have not yet existed in digital markets,” said Kölzer who emphasized that further asset classes will follow.
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