Deutsche Börse and Commerzbank invest in digital art trading

The two financial companies are investing in Fintech 360X. Founder Carlo Kölzer and the stock exchange already know each other.
News by Tom Schmidtgen Tom Schmidtgen · Stuttgart, 30. April 2021

The two financial companies are investing in Fintech 360X. Founder Carlo Kölzer and the Frankfurt Stock Exchange already know each other.

Deutsche Börse and Commerzbank are entering into a strategic partnership with fintech 360X. The Frankfurt Stock Exchange is investing ten million euros in the fintech and acquiring half of the shares. Commerzbank's investment is significantly lower.

360X offers a digital marketplace for art and real estate. This enables investors to acquire shares in art assets and real estate via a blockchain. The technology is called NFT (non-fungible tokens). This should make it possible, for example, to trade digital works of art in a forgery-proof manner. "With 360X, we are targeting a megatrend," says Carlo Kölzer, CEO and founder of 360X. "Digital assets are an exponential growth market. We are creating new ecosystems and offering investors innovative investment opportunities in assets to which they previously had no access in this form. This creates new value for the financial world."

Deutsche Börse wants to open up new asset classes with the investment. "In the future, we will see a broad tokenization and digitalization of assets that are not tradable today," says Theodor Weimer, CEO of Deutsche Börse AG. "360X is the new innovative platform of serial marketplaces that we want to build with partners."

Kölzer was an investment banker at Dresdner Bank. He founded the foreign exchange trading platform 360T in 2000. Six years ago, Kölzer and the then majority shareholder Summit Partners sold the fintech to Deutsche Börse for 725 million euros.


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