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Berlin-based Advanced Blockchain AG listed on Deutsche Börse-operated Xetra exchange

Mon, 01 Jul 2019, 09:22 am UTC

Advanced Blockchain AG, a Berlin-based blockchain firm, has become the first blockchain development company to be listed on Xetra, a Germany-based digital stock exchange operated by Deutsche Börse.

According to the official announcement, Advanced Blockchain AG’s shares are tradeable on Xetra, starting today. This follows after the firm was listed on the Frankfurt Stock Exchange in January 2019.

The report states that German financial services holding firm Lang & Schwarz facilitated the listing on Xetra as designated sponsor and market maker.

“This additional trading venue will further facilitate the development of new investor groups, especially with an international background. Existing listings on the Dusseldorf Stock Exchange and the Frankfurt Stock Exchange will continue,” Advanced Blockchain AG said.

Based in Frankfurt, Xetra is an all-electronic trading system that was launched in 1997 for use on the Frankfurt Stock Exchange. However, the system gradually expanded to be used by over 200 trading participants from 16 European countries, Hong Kong and the United Arab Emirates.

“The Xetra platform offers increased flexibility for seeing order depth within markets and offers trading in stocks, funds, bonds, warrants and commodities contracts,” the announcement reads.

In a separate announcement, the company said that it has signed a Letter of Intent (LOI) with a German telecommunications provider and cable operator to develop a block-chain-based protocol for billing in Internet of Things (IoT) networks. The name of the telecom provider, however, has not been disclosed.

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