5 Mar 2024
Deutsche Börse Group has launched Deutsche Börse Digital Exchange, a crypto spot platform for institutional clients.
DBDX offers regulated ecosystem for trading, settlement, and custody of crypto assets with existing market connectivity.
Trading on DBDX begins with Request for Quote followed by multilateral trading. Deutsche Börse operates the venue while Crypto Finance GmbH provides settlement and custody services.
DBDX aims to meet institutional-grade standards, enhancing market integrity and security. It strengthens Deutsche Börse's presence and ability to deliver innovative financial solutions for digital assets in Germany and European markets.
"Our solution aims to provide trusted market operations for crypto assets, ensuring transparency, security, and regulatory compliance," said Carlo Kölzer, head of FX & Digital Assets at Deutsche Börse.
Deutsche Börse has confirmed its objective within the Horizon 2026 strategy to create a digital asset platform. German regulator BaFin granted Crypto Finance (Deutschland) GmbH licences for regulated digital asset trading, settlement, and custody services, enabling the platform's launch.