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Deutsche Boerse to Launch DLT-Based Digital Asset Exchange


Deutsche Bourse is partnering with Swisscom and Singapore’s Sygnum to creat a new, regulatory compliant platform for digitial asset trading. The core elements of the new platform will include the issuing, custody, access to liquidity and banking services, all based on distributed ledger technology (DLT). As part of the partnership, Deutsche Boerse has also invested in the Swisscom and Sygnum joint venture company Custodigit AG. The integrated platform allows bank customers to manage the entire lifecycle of their digital assets. Deutsche Boerse and Sygnum will also become shareholders of Daura AG, a specialist in DLT for the issue, transfer and registration of Swiss SME-shares, enabling non-listed companies to access the capital markets. Singapore-based Sygnum is currently in the process of obtaining a Swiss banking and securities dealer license from the Swiss regulator Finma. With the license under its belt, Sygnum will provide custody, deposits, credit & lending, capital issuance via tokenization, brokerage and asset management within the digital asset ecosystem. The new joint venture will come into competition with Swiss firm SIX Group, which is also looking at using blockchain for its digital asset listing, trading and settlement and custody service, SIX Digital Exchange (SDX), set for go-live later this year. SIX Group announced that SDX would be hosted on R3’s Corda platform.