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.
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 Börse, over
90 percent of share trading across German exchanges, and around 30
percent of trading in ETFs in Europe, is transacted through Xetra.
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