Deutsche Börse and Commerzbank invest in new digital asset venture
Deutsche Boerse invests $12 million in new holding company 360X to develop blockchain-based digital marketplaces featuring NFTs. German securities marketplace Deutsche Boerse and major bank Commerzbank have jointly invested in a new holding company which plans to focus on blockchain technology and digital assets.Deutsche Boerse announced Thursday that the company and Commerzbank entered a strategic partnership with fintech firm 360X to develop new blockchain-based digital marketplaces and existing real asset classes like art and real estate.A representative from Deutsche Boerse confirmed....
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The German stock exchange operator plans to expand its regulated crypto-asset ecosystem across the European market. Deutsche Boerse has acquired a majority stake in Crypto Finance AG — a Swiss digital asset firm.According to a release issued on Tuesday, the German stock exchange operator has bought a two-thirds stake in the digital asset company. Though the financial details of the deal have yet to be made public, Deutsche Boerse revealed that the purchase sum was in the “moderate three-digit CHF million range.” The stock purchase agreement will be finalized in Q4 2021 once all parties....
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