Deutsche Börse, the German exchange group, is partnering with Swisscom, a Swiss-based telecommunications provider, and Sygnum, a digital asset startup, to develop a "regulatory compliant financial market infrastructure for digital assets," the group announced Monday.
As part of the partnership, Deutsche Börse will invest in Custodigit AG, a joint venture by Swisscom and Sygum. Custodigit AG provides digital asset custody solutions for financial services institutions.
This new ecosystem will provide solutions to service the entire lifecycle of a digital asset. These solutions include token issuance, transfer, custody, listing, and trading. The ecosystem will be built on a decentralized ledger infrastructure developed and operated by Swisscom.
"The collaboration with Deutsche Börse and Sygnum is the perfect step for the development of a comprehensive digital asset ecosystem," states Roger Wüthrich-Hasenböhler, Chief Digital Officer of Swisscom, adding that "the cooperation allows to advance our vision of an extensive solution for the registration, safekeeping and transfer of digital assets. The partnership combines unique know-how in the fields of digital assets, banking, compliance and technology. Thus, we are in the perfect condition to create solutions for regulated financial service providers that are based on security, reliability and compliance, and enable them to enter a new financial services era."
According to Deutsche Börse's press release, "the first products and services provided by the new ecosystem for digital assets are expected to be launched in the course of 2019."