Deutsche Boerse's Frankfurt Stock Exchange To Setup New Blockchain And Crypto Assets Group

Blockchain technology continues to develop and evolve, with numerous use cases being discovered almost every day. Now, the owner of the Frankfurt Stock Exchange, the largest stock exchange in Germany, has announced that it had set up a new division called “DLT, Crypto Assets, and New Market Structures”. The announcement came on August 30 of this year, and it stated that the division's goal is to use the blockchain technology's full potential to improve the business dealings of the FSE.

The division's managing director, Jens Hachmeister, was recently interviewed regarding the move. During this interview, he spoke about how important the blockchain tech is, as well as the newly-formed team that will explore its options. Additionally, he also mentioned his personal reasons for helping this area grow. The interview has seen Hachmeister answer three burning questions:

1) The Importance Of Blockchain Technology For The Infrastructure Of The Financial Markets

According to Hachmeister, to answer this, we need to understand the perspective of Deutsche Boerse Group, the owner and operator of the Frankfurt Stock Market. From their point of view, DLT and blockchain tech represent a unique opportunity to create new market structures. Additionally, they can allow the creation of new products to the already-existing structures, and enhance the current offerings.

The potential of this technology can cut across the entire value chain. This includes pre-IPO/listing, custody and settlement, clearing and trading, as well as business regarding analytics and data. As always, people tend to expect miracles from the new technologies, and not all of the expectations will be fulfilled. Blockchain has the potential to answer a lot of questions, but that certainly won't include all of them.

Still, it is clear that the digital economy is moving towards decentralization, and the future of marketplaces lies in P2P technology, while intermediaries will become a thing of the past. This is one of the biggest and most important ways in which blockchain can disrupt the infrastructure of capital markets.

2) Why Is The New Division Necessary?

According to Hachmeister, there are multiple market offerings that are based on DLT/blockchain tech. These offerings are already cutting across the value chain of the Group, and the infrastructure of traditional market is already being challenged. He supported this by giving the examples such as funding innovations via ICOs, custody solutions based on blockchain technology, as well as secondary market platforms that are already fully decentralized.

The Group has been rather supportive and active with the new technology during the phase one of its exploration. They invested in multiple initiatives in order to properly understand the new trends, the tech itself, as well as its full potential. However, the fact remains that these explorative steps were not properly coordinated with the entire Group.

3) The Division's Challenges, And Hachmeister's Own Motivation

Hachmeister believes that we are currently at the start of a completely new era, that has a potential to disrupt the entire industry. The biggest challenge that the new team will face is that nobody knows where the path that they are currently on will eventually end up leading to. There are numerous possibilities with this tech, with all of them being equally as fascinating, and providing an excellent opportunity to make great contributions.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,268FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Kraken’s Crypto Bank Is “An Accident Waiting to Happen,” says Bank Policy Institute

The structure of Kraken Financial is “prone to the same types of run risks as medieval banks and so-called “shadow banks,” said a non-partisan...

Bitcoin Overtakes Disney & Netflix After Beating BoA to Become 23rd Largest Asset by Market Cap

Bitcoin is enjoying a bullish this week as the price sets a new 2020 high. As the leading digital currency surpassed $13,000 for the first...

CFTC’s Swaps Division Releases Advisory Note To Futures Merchants On Holding Virtual Currencies

Quick Read: The CFTC's swaps division released its advisory note on digital asset trading and custody among Futures Commission Merchants (FCMs). The short announcement published...

Ripple Shortlists A Move to Asia and Europe Should it Leave the US Due to Regulatory Clarity

Ripple Labs considers Japan, Singapore, Switzerland, UAE, and the UK as possible jurisdictions should the blockchain patent services company leave the US amidst a...

Paul Tudor Jones: Bitcoin Rally in its “First Inning,” Compares it to Investing in Apple & Google

“I like bitcoin even more now than I did then,” said billionaire hedge fund manager Paul Tudor Jones who made a bullish bet on...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today