Xetra has just listed its first blockchain company. Xetra is a Deutsche Börse-operated trading venue for financial assets such as stocks, bonds, and funds. First Blockchain firm listed by Deutsche Borse’s Xetra’s Exchange.

DGAP.de reported that shares in the firm, Advanced Blockchain AG, were tradeable on Xetra as of July 2nd. The same company launched on the Frankfurt Stock Exchange in January.

First Blockchain firm listed by Deutsche Borse’s Xetra’s Exchange. Advanced Blockchain AG is based in Berlin. According to DGAP, the company develops distributed ledger technology (DLT) software for businesses. The firm has built a project called peak, along with its subsidiary Nakamoto GmbH. They provide a blockchain base layer for enterprises.

A directed acyclic graph (DAG)-based blockchain called “DAGchain”, is also being developed. The DAGchain protocol is slated for use in a number of projects when completed. It will be in industries such as:

  • IoT
  • Automotive
  • Financial
  • Engineering

Forbes’ list of “10 Blockchain Companies to Watch in 2019,” included Advanced Blockchain at a number 2 ranking.

Over 90 percent of share trading across German exchanges and around 30 percent of trading in ETFs in Europe is transacted through Xetra, according to Deutsche Börse.

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