Boerse Stuttgart Group

The discussion about suitable concepts for private pension provision is becoming increasingly important in Germany. What role do structured securities play in this and what can we do to develop a more profound securities culture? What can politics, supervision, consumer protection and the issuers of financial instruments contribute? To discuss these questions, part of our team was on site at this year’s BSW Forum. ‘Only together, we achieve our goals and dare to have more securities culture!’ – with these words Christian Vollmuth, Managing Director of the BSW – Bundesverband für strukturierte Wertpapiere, kicked off the event. We are happy to contribute to BSW’s work, as structured securities trading has been the core of our capital markets business since the introduction of the Euwax segment 25 years ago. With exciting panel discussions and keynotes from Dr. Jörg Kukies, State Secretary in the Federal Chancellery, and Joschka Fischer, former Foreign Minister and Vice Chancellor of the Federal Republic of Germany, BSW Forum was once again a great opportunity to meet the structured securities industry. Together, we’re contributing to the understanding of investors’ needs and the actions to take.

📣 Germany’s KfW 🇩🇪 successfully tests digital bond with DLT-based processing of payment and asset flows We have successfully issued our first-ever digital bond in the form of a crypto security under the German Electronic Securities Act with 𝗗𝗟𝗧-𝗯𝗮𝘀𝗲𝗱 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗯𝗮𝗻𝗸 𝗺𝗼𝗻𝗲𝘆. This pilot transaction was part of the Europäische Zentralbank’s exploratory phase to test DLT-based financial transactions, ending in November 2024. For the cash settlement of the €50m KfW bond, we used the #TriggerSolution of Deutsche Bundesbank. The top-rated bearer bond has a 3-months maturity, thus ensuring that the entire lifecycle of the security is mapped using the Trigger Solution. 𝗞𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 🌟 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁: settlement was processed as Delivery-vs-Payment (DvP) using Deutsche Bundesbank’s Trigger Solution 🌟 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: DLT and smart contracts accelerate settlement, reduce risks, and enhance efficiency 🌟 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝗺𝗽𝗮𝗰𝘁: this advancement is crucial for KfW as a leading bond issuer in int'l #DebtCapitalMarkets For this landmark transaction, Cashlink provided the #blockchain infrastructure and acted as the crypto securities registrar, while Boerse Stuttgart Digital provided crypto custody services. DZ BANK AG acted as the sole bookrunner and collective registered holder of the bond, with DekaBank Deutsche Girozentrale, DZ BANK and Union Investment as investors. Legal advice was provided by Linklaters. #GreatTeamWork 💪 At KfW Treasury, we focus heavily on efforts to digitalize our activities. Earlier this year, we have already tested solutions and processes for the digitalization of selected aspects of the funding value chain. Our most recent transaction is another important milestone on our digital learning journey and certainly not the last. Stay tuned! Today’s press release: see comment below 👇 #DigitalBonds #CapitalMarkets #CryptoSecurities #ElectronicSecurities #tokenisation #digitisation #DigitalAssets #DLT #CentralBankMoney #DigitalTransformation #ECBtrials #CBDC #eWpG | Gaetano Panno | Michael Duttlinger | Nils C. | Dr. Ulli Spankowski | Tim Armbruster PS. If you made it this far, please 🔔 subscribe to our profile & ♻ share with your network. 𝘓𝘦𝘨𝘢𝘭 𝘯𝘰𝘵𝘦: 𝘛𝘩𝘪𝘴 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘮𝘦𝘯𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘢𝘯 𝘰𝘧𝘧𝘦𝘳 𝘰𝘧 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘧𝘰𝘳 𝘴𝘢𝘭𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴. 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘮𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘰𝘧𝘧𝘦𝘳𝘦𝘥 𝘰𝘳 𝘴𝘰𝘭𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴 𝘢𝘣𝘴𝘦𝘯𝘵 𝘳𝘦𝘨𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘰𝘳 𝘢𝘯 𝘦𝘹𝘦𝘮𝘱𝘵𝘪𝘰𝘯 𝘧𝘳𝘰𝘮 𝘳𝘦𝘨𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯. 𝘛𝘩𝘦 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘥𝘦𝘴𝘤𝘳𝘪𝘣𝘦𝘥 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘮𝘦𝘯𝘵 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘯𝘦𝘪𝘵𝘩𝘦𝘳 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘯𝘰𝘳 𝘰𝘧𝘧𝘦𝘳𝘦𝘥 𝘱𝘶𝘣𝘭𝘪𝘤𝘭𝘺 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴.

What are the most important aspects regarding regulatory requirements and upcoming legislative changes? Whether you are a compliance professional or a crypto enthusiast, we’ve got you covered in decoding the complexities of MiCAR and providing practical insights to help you navigate the dynamic regulatory environment of cryptocurrencies! In our latest article, our expert, Michael Kirchmayer gives key insights and tips on how to prepare as an institutional investor for the implementation of the EU Markets in Crypto Assets #Regulation 🇪🇺 Head over to our Boerse Stuttgart Digital blog by following the link shared in the comments below. ⬇️ #crypto #digitalassets #regulation #bsdigital #MiCAR

We are thrilled to announce our new partnership with KfW Treasury 🤝 Boerse Stuttgart Digital has been selected by one of the world’s leading promotional banks KfW, as the infrastructure partner for its new blockchain-based digital bond. This collaboration marks a significant step in the blockchain-based financial world and underscores our role as a trusted partner in the digital assets sector for banks, brokers, and asset managers in Europe. In this partnership, Boerse Stuttgart Digital provides wallet management and provision of private key security in the issuance and redemption process. The expansion of our services to include tokenized securities enhances our dedication to significantly shape the digital transformation of the finance sector and to strengthen our position as a fully regulated one-stop-shop in crypto and digital assets.     Thank you to our incredible team and partners for making this possible. Together, we're paving the way for the future of blockchain-based securities!     Dr. Oliver Vins, Dirk Kruwinnus, Joaquín Sastre Ibáñez, Dr. Matthias Voelkel, Lucas Bruggeman, Bincy Kochalumoottil, Sebastian Kraft, Gaetano Panno, KfW Treasury #blockchain #digitalassets #fintech #innovation #KfW #bsdigital #digitaltransformation

The cornerstone of our European growth strategy European investors deserve better. This vision forms the basis for our success story across Europe.   Our new image video brings across our vision, strategy, and business better than any LinkedIn post restricted to 3,000 characters ever will.   Please see for yourself what drives the decision-making of over 700 international colleagues across Germany, Sweden, Slovenia, Switzerland, Italy, and beyond.

The EU's MiCA regulation sets transparency requirements for crypto asset service providers: They will be obliged to publish sustainability figures for the cryptocurrencies they offer. In view of this, Boerse Stuttgart Group is now expanding its market data offering to include ESG data for cryptocurrencies. The data is calculated and provided by Crypto Risk Metrics as part of a cooperation. We then distribute the data through our existing network of major data providers. Their clients can easily obtain the ESG data through a simple feed extension, which minimizes their internal effort. The ESG data is an additional service in our data business which distributes market data packages to institutional customers globally. Learn more about our data offering: https://lnkd.in/e_aTzi4H

Our contribution As the sixth-largest exchange group in Europe, we contribute to a strong European capital market. We operate three exchanges, an OTC trading network and our own broker – with more than 160 years of experience. With Boerse Stuttgart Digital, we have built the largest digital business of all European exchange groups, providing infrastructure solutions for institutional clients. In both business areas, we stand for the highest level of regulation, reliability and security. This is our contribution to a stable and trustworthy capital market in Europe. Thank you Viola Grebe for this great interview with our CEO Dr. Matthias Voelkel at this year’s Frankfurt Euro Finance Summit by dfv Mediengruppe (Deutscher Fachverlag GmbH) Mediengruppe

High trading quality and transparency without exchange transaction fees – that’s what Easy Euwax stands for. Since its launch in 2022, trading without exchange fees has been possible for structured securities, the most important asset class for our group. Want to know more about the story of Easy Euwax? Here is Börsen-Zeitung’s recap: https://lnkd.in/e6CjgMKp Dragan Radanović

Happy Anniversary! 25 Years of Euwax Since its founding on July 1st, 1999, Euwax has become synonymous with faster order execution and increased investor trust, forming the core of our business. Over the past quarter-century, while many things have evolved, the foundational principles of Euwax remain unchanged: customer focus, high service quality, and continuous innovation. From automatic limit control in 1999 to today's blockchain and tokenization, our expertise drives the market forward. Our success hinges on strong cooperation and open dialogue with issuers, pooling resources and knowledge to offer the best to our customers. As we look ahead, we remain committed to this exceptional partnership, inspiring retail investors and pioneering market innovations together. Here's to the next 25 years and more of Euwax! Special thanks to the founding fathers, Hans-Peter Bruker and Harald Schnabel. Sources: Frank Bayh Photographie | Marcel Dietrich 

We are pleased to be the only exchange operator in Europe to have successfully applied for the second wave of Europäische Zentralbank's tests on the settlement of blockchain-based financial transactions against central bank money. We will test to settle exchange transactions of tokenized securities directly between trading participants on the blockchain – within minutes, without a central securities depository and against euros. This innovative, end-to-end delivery-versus-payment process is particularly efficient, enables peer-to-peer settlement and reduces the number of intermediaries and counterparty risks. Our use case clearly reveals the benefits of blockchain and tokenization for the European securities markets – we want to shape the future digital market infrastructure. In the EU, we are taking the first important step with the ECB tests. In Switzerland, we are even further ahead: Our Group’s fully regulated exchange BX Digital for the trading and settlement of tokenized securities is set to launch in the second half of 2024. Thank you to our partners Commerzbank AG, Deutsche Bank, DZ BANK AG, LBBW, Bankhaus Metzler, V-Bank AG and Deutsche Bundesbank. Together, we will gain valuable insights into the scalability, efficiency and speed of the settlement process involving blockchain and central bank money.