Deutsche Börse Group has made a secure entry into the blockchain domain with the Deutsche Börse Digital Exchange (DBDX). This platform, a haven for regulated spot trading of cryptocurrencies, is designed specifically for institutional investors. It offers a fully regulated and secure ecosystem for trading, settlement, and custody, ensuring peace of mind for its users.
DBDX Launches Regulated Crypto Trading Platform
It uses existing market interaction partner networks to deliver advanced and risk-free services for digital assets by working from a single standpoint on the value chain.
The DBDX platform is designed with adaptability in mind, initially accepting RfQs to facilitate early trading activities. It plans to introduce multilateral trading in the future, demonstrating its readiness to evolve with the market. Deutsche Börse will oversee the trading activities, while Crypto Finance (Deutschland) GmbH will manage the settlement and custody services, ensuring a balanced and efficient operation.
Head of FX & Digital Assets at Deutsche Börse statement
Carlo Kölzer, the Head of FX & Digital Assets at Deutsche Börse, underscored the platform’s commitment to legal compliance: “Our product is not just innovative, it’s a key to digital ecosystems. We guarantee operations that are not only transparent and secure, but also fully compliant with EU laws, instilling confidence in our institutional clients.”
Reaffirming its objective
The DBDX launch is on the strategy of Deutsche Börse Group’s Horizon 2026, which focuses on creating a digital asset platform. The approval by BaFin of Crypto Finance (Deutschland) GmbH for regulated digital asset trading, settlement, and safeguarding services in the regulated German market led to the start of the platform.
Stijn Vander Straeten, the CEO of Crypto Finance, stated that the Crypto Finance’s platform would be reliable, saying, “Today we are proud to announce that our prestigious Swiss company is committed to regulatory compliance and premium finance solutions. As such, introducing Crypto Finance as a settlement agent and custodian further emphasizes our position in the market.”