Deutsche Börse, the German securities marketplace, has unveiled its proprietary cryptocurrency trading platform, Deutsche Börse Digital Exchange (DBDX), targeting institutional clients. Developed in collaboration with custody provider Crypto Finance, DBDX offers a regulated and secure ecosystem for trading, settlement, and custody of crypto assets. Initially operating on a request-for-quote (RfQ) basis, DBDX will later introduce a multilateral trading facility to facilitate financial instrument exchanges. The platform aims to serve clients in Germany and other European markets, emphasizing transparency, security, and regulatory compliance.

Deutsche Börse’s head of digital assets, Carlo Kölzer, views DBDX as a pivotal step towards realizing the company’s ambition outlined in its Horizon 2026 strategy to lead the digitalization of asset classes. The launch follows Deutsche Börse’s announcement in late 2023 and Crypto Finance’s receipt of licenses from the German financial regulator BaFin in February. This strategic move underscores Deutsche Börse’s continued positive stance towards cryptocurrency, as evidenced by its listing of various cryptocurrency-related investment products on its electronic trading platform, Xetra, and its exploration of blockchain benefits for securities financing operations.

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