• Sun, 24 Mar 2019, 07:31 AM
  • All times are UTC
  • Edition:
    International
Link copied

Deutsche Börse, Swisscom and Sygnum partner to build DLT-based digital asset ecosystem

Photo: Bloomberg

Tue, 12 Mar 2019, 05:26 am UTC

German stock exchange operator Deutsche Börse Group has partnered with Swisscom, a Swiss Information and Communication Technology (ICT) company, and Sygnum, a Swiss and Singapore-based fintech company, to jointly build a new digital asset ecosystem.

Under the partnership, the entities will work towards building and growing a trusted and regulatory compliant financial market infrastructure for digital assets.

The core elements of the solution will include issuance, custody, access to liquidity, and banking services – all leveraging Distributed-Ledger-Technology (DLT) in a regulatory compliant environment.

According to the official release, the strategic partnership includes an investment by Deutsche Börse in Custodigit AG, a joint venture by Swisscom and Sygnum founded in 2018. Custodigit AG provides a technical solution for the custody of digital assets for regulated financial services institutions.

In addition, Deutsche Börse and Sygnum will become shareholders of daura AG, which has developed a DLT-based platform that issues, securely transfers and registers Swiss SME-shares, enabling non-listed companies to access the capital markets.

Furthermore, Deutsche Börse and Sygnum are currently conceptualizing the establishment of a listing and trading venue for digital assets in the Swiss market.

“This cooperation, the complementary infrastructure and expertise of the parties involved, is a great opportunity for creating a comprehensive and market leading ecosystem for digital assets,” Jens Hachmeister, Managing Director, DLT, Crypto Assets and New Market Structure, Deutsche Börse, said.

Sygnum is currently in the process of obtaining a Swiss banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA). After it receives the license, it will provide comprehensive banking services such as custody, deposits, credit & lending, capital issuance via tokenization, brokerage and asset management within the digital asset ecosystem.

The first products and services provided by the new digital asset ecosystem are expected to be launched in the course of 2019. The partners are currently awaiting merger control clearance.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $4,023.30 (-0.67%)
  • Ethereum (ETH) $137.33 (-0.97%)
  • XRP (XRP) $0.310200 (-0.88%)
  • Litecoin (LTC) $60.28 (-1.77%)
  • EOS (EOS) $3.64 (-1.74%)
  • Bitcoin (BTC) $4,023.30 (-0.67%)
Mar 22, 2019 (Friday)
10:46
SBI Group partners with U.S.-based semiconductor firm to manufacture crypto mining hardware
10:03
Square seeks engineers for new crypto-related initiatives
09:02
Cardano Foundation joins European Commission’s blockchain initiative INATBA as founding member
07:09
Blockchain smartphone maker Sirin Labs partners with MyEtherWallet
06:21
Alibaba, Aerospace Information partner to foster blockchain development
05:30
UPS partners with blockchain startup Inxeption for B2B e-commerce platform
04:36
Financial market veteran Rob Catalanello to lead crypto liquidity provider B2C2’s US expansions
03:44
Numerai secures $11M from Paradigm and Placeholder via token sale
Mar 21, 2019 (Thursday)
11:49
Former Prime Minister of Denmark joins blockchain firm Concordium as strategic advisor
11:00
North Korean dissident group CCD to issue blockchain-based post-liberation visas
10:03
Switzerland inches closer to cryptocurrency regulation
09:07
Huobi Global to launch token sale platform “Huobi Prime”
07:21
Asia Pacific Leaders Malaria Alliance’s M2030 partners with Dragonchain for blockchain-based services
06:10
CoinMarketCap launches of crypto indices on Nasdaq, Bloomberg, Reuters
05:09
seriesOne, Polymath partner to simplify security token issuance
04:13
Binance launches cash-to-crypto brokerage service in Australia
03:45
IoT startup Filament joins Enterprise Ethereum Alliance
Mar 20, 2019 (Wednesday)
11:43
Wirex launches crypto-friendly business accounts
10:43
Ground X to launch public testnet of blockchain platform 'Klaytn’ on March 29
10:08
Seoul Medical Center, Korean Ministry of Science and ICT collaborate on blockchain project
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft