Deutsche Börse and Commerzbank Jointly Invest in New Digital Marketplaces of The Future

Two leading companies from the financial sector and an experienced team of fintech founders combine their strengths at financial centre Frankfurt. Partners capitalise new entity 360X, driving the serial construction and operation of new marketplaces and ecosystems for digital asset classes. Investments in art and real estate defined as initial asset classes

Deutsche Börse and Commerzbank are entering a strategic partnership with fintech 360X to develop new blockchain-based digital marketplaces and ecosystems for existing real asset classes such as art and real estate.

In order to achieve this, the partners combine their strengths: Deutsche Börse as experienced market infrastructure operator, Commerzbank as partner for the digital banking world of tomorrow, and 360X’s experienced team of fintech founders will jointly work on digital marketplaces of the future to generate new revenue potential. The first reference transaction (minimum viable product) for two asset classes is planned for this year.

The new trading platform facilitates investment in asset classes that have so far been illiquid, explains Carlo Kölzer, founder and CEO of 360X. “Our mantra is ‘Making Things Investable – Bridging the Gap between Asset Classes and Capital Markets’. We create transparent and liquid trading venues for assets that have not yet existed in digital markets. We are therefore starting with trading venues for art and real estate. 360X is set up as a highly scalable model so further asset classes will follow.” Carlo Kölzer and his team founded 360T, the world’s leading electronic foreign exchange trading platform, in Frankfurt in 2000.