The move aims to expand digital finance across Europe.
Exchange operator and markets infrastructure provider Deutsche Börse Group has signed a deal with global stablecoin issuer Circle Internet Group to integrate Circle’s EURC and USDC stablecoins into Deutsche Börse’s financial market infrastructure. This collaboration aims to bridge traditional finance with token-based payment methods, setting a new precedent for regulated digital finance in Europe.
The initiative leverages the recently enacted EU Regulation on Markets in Crypto Assets (MiCA), the world’s first comprehensive regulatory framework for crypto assets. Circle’s licensing under MiCA underscores its commitment to Europe as a crucial hub for digital financial innovation.
Initially, the partnership will focus on enabling the listing and trading of stablecoins on 360T’s digital exchange 3DX, as well as through institutional crypto provider Crypto Finance, each an integral part of the Deutsche Börse Group. Furthermore, the collaboration will facilitate scalable custody of digital assets via Clearstream, Deutsche Börse Group’s post-trade service provider, with sub-custody handled by Crypto Finance’s German entity.
Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle, emphasized the partnership’s potential to enhance the use of regulated stablecoins across Europe, reducing settlement risk, lowering costs, and improving efficiency for financial institutions. Dr. Stephanie Eckermann, Member of the Executive Board of Deutsche Börse Group, meanwhile, highlighted the role of digital assets in reshaping financial markets and the strategic step this collaboration represents towards integrating stablecoins into a robust and trustworthy infrastructure.
This alliance marks another significant milestone for Deutsche Börse Group in its pursuit of digital leadership, building upon its existing cryptocurrency business and efforts to test central bank digital currencies in wholesale banking. The partnership aims to transform traditional securities processes into a fully digital, client-centric offering.
