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Deutsche Börse Partners With Google Cloud To Innovate in Digital Assets

Deutsche Börse has chosen Google Cloud as its preferred cloud partner for the next 10 years with plans to innovate its digital asset business.

The Frankfurt-headquartered exchange organisation wants to “enhance, economise and concentrate” its cloud adoption. Google Cloud will help to further enhance the groups’ cloud adoption and efficiency.

In particular, Deutsche Börse will leverage Google Cloud’s secure infrastructure and data and analytics capabilities to accelerate the development of its digital securities platform D7, innovate its digital asset market operations, and enhance its data distribution and data use cases in the cloud.

Theodor Weimer, CEO at Deutsche Börse
Theodor Weimer, CEO at Deutsche Börse

“Innovation and technological advancements are at the core of Deutsche Börse Group’s DNA,” said Theodor Weimer, CEO at Deutsche Börse. “To trailblaze changing market environments, and not only meet but also anticipate customer demand, it is key to couple our financial services expertise with the technological prowess of a true market heavyweight.

“Our deep market infrastructure understanding, coupled with Google Cloud’s technology expertise and scale, will drive tangible success for our business and broader financial markets.”

Thomas Kurian, CEO of Google Cloud, also commented: “Exchanges sit at the epicentre of the financial ecosystem and have an increasingly important role to play to drive the future of market innovation and efficiencies.

“Our partnership with Deutsche Börse Group underscores the wide range of opportunities and benefits that secure and reliable cloud technology, data analytics, and AI can create for market participants.”

Enhancing D7

Deutsche Börse says its digital securities services platform, D7, “represents a new paradigm for handling the end-to-end processing of digital securities linked to existing legacy environments while also providing for interoperability with new environments based on distributed ledger technology”.

The D7 platform will be underpinned by Google Cloud’s scalable and secure infrastructure and will have an intelligent data analytics layer powered by Google Cloud’s BigQuery and Analytics Hub, as well as Google’s data capabilities.

The enhanced platform will also enable Deutsche Börse Group to deliver new applications, products, and digital securities services. The group and Google Cloud will also jointly invest in strong regulatory controls and built-in security features to meet regulatory requirements, as applicable.

In addition, the partnership seeks to innovate the exchange organisation’s digital asset business including building a cloud-native Digital Assets Business Platform, combining centralised and decentralised financial infrastructure to deliver crypto spot and derivatives products.

Finally, the two companies also plan to jointly deploy a data mesh for several of Deutsche Börse Group’s data distribution and data use cases in the cloud.



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