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Deutsche Börse's Xetra Exchange Lists First Blockchain Firm
The Deutsche Börse-operated trading venue has just listed a Forbes top-10 blockchain company to watch.
Xetra, a Deutsche Börse-operated trading venue for financial assets such as stocks, bonds and funds, has just listed its first blockchain company.
As reported by DGAP.de on Monday, shares in the firm, Advanced Blockchain AG, will be tradeable on Xetra from today. The news comes after the same company launched on the Frankfurt Stock Exchange in January.
STORY CONTINUES BELOW
Berlin-based Advanced Blockchain AG develops distributed ledger technology (DLT) software for businesses, according to DGAP. Along with its subsidiary nakamo.to GmbH, the firm has built a project called peaq, which sets out to provide a blockchain base layer for enterprises.
It's also developing a directed acyclic graph (DAG)-based blockchain called "DAGchain". When completed, the DAGchain protocol is slated for use in a number of projects in industries such as IoT, automotive, financial and engineering.
In May, Advanced Blockchain made Forbes' list of "10 Blockchain Companies to Watch in 2019," ranking at number 2.
According to Deutsche Börsehttps://www.deutsche-boerse-cash-market.com/dbcm-en/secondary-market/xetra, over 90 percent of share trading across German exchanges, and around 30 percent of trading in ETFs in Europe, is transacted through Xetra.
Deutsche Börse image via Shutterstock
Daniel Palmer
Previously one of CoinDesk's longest-tenured contributors, and now one of our news editors, Daniel has authored over 750 stories for the site. When not writing or editing, he likes to make ceramics. Daniel holds small amounts of BTC and ETH (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>).
