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March 11, 2019

One of the biggest market infrastructure providers all over the world, Deutsche Börse Group, has entered into a partnership with Swiss company Swisscom and Singapore-based fintech startup Sygnum to build a trusted digital ecosystem, the official press release states.

Swisscom is an IT service provider, which is considered to be the leading Swiss Information and Communication Technology (ICT) company.

According to the announcement, the main goal of the partnership is to jointly "build out and grow a trusted and regulatory compliant financial market infrastructure for digital assets."

As it states, the ecosystem will allow investors to tap into these new asset classes and accommodate to future client needs.

The ecosystem will also include issuance, custody, access to liquidity, and banking services.

Managing Director of DLT, Crypto Assets and New market Structure at Deutsche Börse, Jens Hachmeister, claims the partnership is a great opportunity for creating a comprehensive and market leading ecosystem for digital assets.

"With Swisscom and Sygnum we have two highly recognized partners on board and we are looking forward to bundle forces. Continuing our investments in new technologies and driving the development around DLT forward is a key focus of Deutsche Börse Group," he added.

Earlier, the largest stock exchange in Switzerland, SIX Swiss Exchange, announced it may list an exchange-traded product (ETP) based on XRP.

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