The new department of the Deutsche Börse joint-stock company will be called “DLT, crypto-assets and new market structures”, the team will consist of 24 people led by Jens Hachmeister and will study blockchain technology and its application in the infrastructure of financial markets. In addition, there are plans to develop new products to expand the range offered by the company.
“Deutsche Börse was actively exploring the possibilities of a distributed ledger, but did not have a team responsible for developing new products and implementing ideas. Now we have an entire department dedicated to implementing this technology to improve efficiency and increase company revenue,” said Jens Hachmeister.
He also believes that blockchain will be able to improve and optimize many traditional segments, such as pre-IPO listing, trading and clearing, settlement and storage, analytics and financial data management.
“The digital economy as a whole is moving towards decentralization. In the future, there will be more p2p-oriented marketplaces and fewer intermediaries. Given this, blockchain has the potential to completely transform the capital markets infrastructure.”
In addition, according to Cointelegraph, Deutsche Börse recently invested a million euros to become a minority shareholder in blockchain liquidity provider HQLAx. The companies agreed to cooperate to develop a blockchain platform for stock lending back in March of this year.
According to cointelegraph.com
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