DBDX, a new crypto trading system by Deutsche Börse, now out there for institutional investors

Deutsche Börse has unveiled its entry into the regulated digital assets market with the introduction of DBDX, a dedicated platform for institutional cryptocurrency trading. Under the leadership of Carl Koelzer, who oversees FX and digital assets, DBDX aims to deliver a secure and transparent trading platform tailored for Europe’s institutional investors.

Deutsche Börse Reveals DBDX Crypto Trading Platform

The exchange has rolled out DBDX, a specialized crypto spot trading venue for institutional participants, setting a foundation for regulated trading, settlement, and custody of digital assets. Initially adopting a request-for-quote (RFQ) approach, DBDX intends to broaden its offerings to include multilateral trading functionalities, while leveraging its Crypto Finance arm for settlement and custody solutions.

Koelzer highlighted the platform’s commitment to providing a reliable marketplace for digital assets. He assures institutional clients in Europe of the platform’s dedication to transparency, security, and adherence to regulatory standards. The debut of the DBDX platform coincides with a significant uptick in institutional investor interest in cryptocurrency assets.

“Our new solution is a game changer for digital ecosystems. We aim to provide trusted market operations for crypto assets, ensuring transparency, security, and regulatory compliance for institutional clients in Europe,” Koelzer said in a statement.

In February, the German regulator, BaFin, awarded Crypto Finance (Deutschland) GmbH four licenses, encompassing regulated trading, settlement, and custody of digital assets within Germany. This development Deutsche Börse noted served as a crucial step towards the launch of the platform, which had previously secured a Multilateral Trading Facility (MTF) license.