DEUTSCHE BÖRSE WILL LAUNCH A BLOCKCHAIN-BASED PLATFORM IN THE FIRST HALF OF 2019

The German stock market giant Deutsche Börse in a press release reported about “significant progress” in the development of a blockchain platform for lending.

The Deutsche Börse blockchain platform is being developed in conjunction with the Luxembourg-based HQLAx platform, with which the German stock market giant expanded its partnership in September.

According to the press release, six banks have already confirmed their readiness to join the blockchain platform for lending and start the processes of preparation for integration.

The launch of the platform is scheduled for the first half of 2019, and all the necessary regulatory and legal procedures are close to completion, the company said.

For the first time, Deutsche Börse announced plans to introduce blockchain technologies in March last year. In September, Jens Hameister, head of blockchain initiatives of the company, said that Deutsche Börse is eyeing the blockchain technology with the early stages of its occurrence:

“We have invested in a variety of initiatives to develop an internal understanding of the technology, its trends and its own potential for application in the traditional segments of our activities.”

In a press release, Deutsche Börse also said that another investment was made in HQLAx, in December.