Deutsche Börse, Commerzbank and Fintech 360X Partners to Develop New Digital Marketplaces
Deutsche Börse, one of the largest exchange organisations worldwide, recently announced its partnership with Commerzbank and fintech 360X. The latest collaboration aims to develop new blockchain-based digital marketplaces and ecosystems for existing real asset classes including art and real estate.
In order to achieve this, the partners combine their strengths: Deutsche Börse as experienced market infrastructure operator, Commerzbank as partner for the digital banking world of tomorrow, and 360X’s experienced team of fintech founders will jointly work on digital marketplaces of the future to generate new revenue potential. The first reference transaction (minimum viable product) for two asset classes is planned for this year.
The assets will be made investable and tradable via tokenisation and fractionalisation. Tokenised real assets are mapped on blockchain to facilitate access for investors and allow the fractionalisation of the underlying asset.
The three partners maintain the highest standards of legal certainty, data protection, and compliance with regulatory frameworks as well as for the establishment of an orderly secondary market.
As Fazzaco reported earlier, Deutsche Börse has entered a data partnership with Bolsa Mexicana de Valores Group (BMV Group), the owner and operator of the Mexican Stock Exchange. This partnership enables Deutsche Börse to license and distribute the market data products of BMV Group to its customer base under a single licence agreement, extending Deutsche Börse's global market data distribution capabilities to Latin America. Additionally, Deutsche Börse has also expanded its range of crypto products by introducing an Exchange Traded Note (ETN) on Litecoin (LTC).
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