RATE Group | Deutsche Börse Launches Dedicated Cryptocurrency and Blockchain Unit
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Deutsche Börse Launches Dedicated Cryptocurrency and Blockchain Unit

04 Sep Deutsche Börse Launches Dedicated Cryptocurrency and Blockchain Unit

Posted at 12:23h in Cryptocurrency News by

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Deutsche Börse blockchain

German capital markets giant Deutsche Börse has created a dedicated ‘DLT, Crypto Assets and New Market Structures’ department for exploring the application of blockchain technology.

Deutsche Börse has been exploring different applications of the blockchain for a while, the firm said in a press release. The German-based exchange had co-operated with international central securities depositories on how to use smart contracts for mobilizing scarce collateral as well as the creation of a functional prototype of a blockchain based settlement of securities with Deutsche Bundesbank.

Jens Hachmeister, Managing Director of the DLT, Crypto Assets and New Market for Deutsche Börse said the exchange has been active with the blockchain in a first phase of “ideation and exploration.”
“We invested in various initiatives to create a sound understanding of the trends, the technology, and its potential within the traditional segments of our value chain,” he added.

Deutsche…

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