Deutsche Boerse Partners With Commerzbank to Invest $12 Million in New Holding Company 360X

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According to a on the 29th of April, the partnership will focus on developing digital marketplaces using blockchain technology. Also, the investment will result in developing marketplaces and existing real asset classes like art and real estate.  

In addition, 360X will support the trading of non-fungible tokens (NFTs), which has become a trend lately. 

The new partnership is not the first of its kind for Deutsche Boerse and Commerzbank. The duo has been partnering in the blockchain industry for years. The companies came together to pilot post-trade securities via tokens.

Image Credits: Pixabay

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