Deutsche Borse working with Swiss companies to create blockchain trading system

An alliance of Deutsche Borse, Swisscom and Sygnum have joined forces to produce a new distributed ledger technology (DLT) for the German stock exchange. Such technology is already being used on the the Swiss Stock Exchange. The alliance is looking to create a new trading marketplace that will allow for digital versions of financial assets as well as methods for listing and trading them. DLT could also help smaller companies raise capital to invest in less liquid assets such as real estate according to the consortium, which laid out its roadmap for the future in a joint statement. “The tokenization of assets, the next major phase of asset digitization, has the potential to reshape global financial markets,” it wrote. “In order to fully unfold its potential, the emerging tokenized economy needs a trusted, comprehensive and regulatory compliant ecosystem.”