Jens Hachmeister, Managing Director, DLT, Crypto Assets & New Market Structure, Deutsche Börse

Market infrastructure provider, Deutsche Börse Group, has entered a strategic partnership with Swisscom(Swiss Information and Communication Technology company) and Sygnum (Swiss & Singapore based fintech) in a bid to jointly build and grow a regulatory compliant financial market infrastructure for digital assets.

Jens Hachmeister, Managing Director, DLT, Crypto Assets and New Market Structure, Deutsche Börse highlights: “With Swisscom and Sygnum we have two highly recognized partners on board and we are looking forward to bundle forces. Switzerland, known to be a nucleus for financial markets innovation, is the ideal starting point for Deutsche Börse to drive this evolution forward.”

According to the exchange organization, the partnership includes an investment by Deutsche Börse in Custodigit AG (digital assets solution provider). Following obtaining a Swiss banking and securities dealer license from the Swiss regulator FINMA, Sygnum 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 ecosystem established by the partners is based on Decentralized Ledger Infrastructure developed and operated by Swisscom, meeting security requirements of financial services institutions and allowing for scalability.

Roger Wüthrich-Hasenböhler, Chief Digital Officer of Swisscom explains: “The collaboration with Deutsche Börse and Sygnum is the perfect step for the development of a comprehensive digital asset ecosystem. The cooperation allows to advance our vision of an extensive solution for the registration, safekeeping and transfer of digital assets. The partnership combines unique know-how in the fields of digital assets, banking, compliance and technology.”

Mathias Imbach, Founding Partner & CEO Singapore of Sygnum adds: “Sygnum’s banking expertise and ability to innovate rapidly using Distributed Ledger Technologies, combined with Deutsche Börse and Swisscom’s experience in building and operating scalable financial services infrastructure, is a winning formula.”

The first products and services provided by the new ecosystem for digital assets are expected to be launched in the course of 2019.

Deutsche Börse is an exchange organisation focussed on organising markets for investors who invest capital and for companies that raise capital – markets on which professional traders buy and sell equities.

by Megha Bhattacharya
Market Analyst at IBS Intelligence