Deutsche Börse and Commerzbank want to work with fintech company 360 Treasury Systems to develop a digital trading platform for existing real assets. Investments in “previously illiquid assets” are to be made possible on the 360X platform. Real assets are to be mapped on the blockchain via “tokenization”. Deutsche Börse announced in a press release that the first transactions are already planned for the current year.
For example, real estate should be divided up, mapped on the blockchain and thus made “investable and tradable”. In addition to real estate, the first step is to offer art. The aim of the partnership is the development of “new digital marketplaces and ecosystems for existing real assets” on a blockchain basis.
Real values on digital marketplaces
“Make Things Investable” is the mantra: “We create transparent and liquid trading venues for assets for which these digital markets do not yet exist”, explains Carlo Kölzer, founder and CEO of 360X in the press release. In 2000, Kölzer founded the currency trading platform 360T, which was taken over by Deutsche Börse in 2015 for 725 million euros – Kölzer remained as CEO.
“We bring real values to digital marketplaces and see the participation with Deutsche Börse in 360X as the potential to help shape one of these digital ecosystems of the future,” explains Manfred Knof, CEO of Commerzbank AG. Theodor Weimer, CEO of Deutsche Börse AG, is convinced that Deutsche Börse needs to develop new asset classes. “In the future, we will see broad tokenization and digitization of assets that cannot be traded today.”
However, 360X will not be the first platform to use unique tokens generated with the blockchain for sales. In the past, digital “values” were auctioned off as non-fungible tokens (NFTs). This included the first tweet from Jack Dorsey as NFT, which was auctioned for around 2.9 million US dollars (2.43 million euros) on the Valuables auction platform.
The digital artwork “Everydays: The First 5000 Days” linked to a crypto token was auctioned for 69 million US dollars by the London auction house Christie’s. A popular cat meme fetched $ 590,000. The artist group Injective Protocol acquired Banksy’s picture “Morons” for $ 95,000, then burned it, registered the recording of it on the Ethereum network and received $ 380,000 for the video’s NFT.