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Deutsche Börse-Operated Xetra Exchange Lists Its First Blockchain Company

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by Verolian Opiyo · 3 min read
Deutsche Börse-Operated Xetra Exchange Lists Its First Blockchain Company
Photo: Xetra Trading / LinkedIn

Deutsche Börse-operated digital stock exchange Xetra lists the shares of first blockchain development company – Advanced Blockchain AG.

Advanced Blockchain AG`s becomes the first blockchain development company to be launched on Xetra, Deutsche Börse-operated digital stock exchange. This means that from today, July 1, AG`s shares will be tradable on Xetra.

Xetra is an all-electronic trading system located in Frankfurt, Germany under the management of Deutsche Börse. The Xetra system provides increased flexibility for observing order depth within markets and provides trading in bonds, funds, stocks, commodities, and warrants contracts.

The Xetra platform was established in 1997 for utilization on the Frankfurt Stock Exchange, but over the years, it has grown to service more than 200 trading members from across 16 European nations such as the United Arab Emirates and Hong Kong.

Advanced Blockchain AG`s Objectives

The newly launched trading platform aims to boost the growth of emerging investor groups, particularly within global backgrounds. Also, the current listings on the Frankfurt Stock Exchange and the Dusseldorf Stock Exchange will continue.

According to the recent report, Xetra accounts for approximately EUR131.4 billion of Deutsche Börse`s overall money markets, which breaks down to Xetra`s daily trading amount of $6.79 billion. The report further indicates that German financial services holding company Lang & Schwarz has enhanced Advanced Blochain AG`s Xetra launching as market maker and designated sponsor.

The news follows the company`s initial inclusion on the Frankfurt Stock Exchange earlier this year, including its initial listings on the Düsseldorf stock exchange`s primary market.

How Advanced Blockchain AG Uses Blockchain

In contrary to the Xetra development, Advanced Blockchain AG has further partnered with another German telecoms firm to jointly create a blockchain-based Internet of Things (IoT) platform, according to July 1 DGap`s report.

While details on the Letter of Intent are yet to be concluded and sealed in Q3, DGap reveals that their future alliance will include the peaq project and Blockchain AG’s proprietary protocol DAGchain that relies on an AI-powered decentralized consensus algorithm and involves proof-of-stake (PoS) factors.

The conclusion will definitely ascertain both financial factors of the collaboration and the magnitude of Advanced Blockchain AG’s inclusion in a future transaction on the platform.

The history of Deutsche Börse paints a picture of how it has made several attempts into the blockchain space. Recently, it joined a strategic collaboration with Swiss and Swisscom, Swiss state-owned telecoms and Singapore-based fintech Sygnum to create a cooperative financial market infrastructure for digital assets.

In April, Thai a subsidiary to telecoms powerhouse NTT Corporation unleashed plans to establish a powerful innovation lab based on IoT technology, Artificial intelligence, and blockchain.

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