Deutsche Börse, one of Europe’s largest stock exchange groups, plans to launch a regulated cryptocurrency exchange in 2024.
Additionally, it plans to deploy stablecoins. That’s not particularly unusual in the institutional space. For example, to settle digital securities on Switzerland’s SIX Digital Exchange, SDX uses tokenized Swiss Francs backed by deposits a the central bank.
The planned multilateral trading facility is part of Deutsche Börse’s ambition to cover the full value chain of digital assets, said Thomas Book who heads up trading and clearing. We assume the exchange will be institutionally focused, but didn’t receive confirmation in time for publication. The group is already the majority shareholder in Crypto Finance, the trading and brokerage firm it acquired in 2021 for CHF 100 million.
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