Deutsche Börse subsidiary launches off-exchange settlement for institutions

Crypto Finance, part of the Deutsche Börse Group, launched AnchorNote to let institutions trade across venues without moving assets out of custody.

Crypto Finance, a subsidiary of Deutsche Börse Group, launched a new off-exchange settlement solution to improve capital efficiency and trading flexibility for institutional crypto investors.

The new product, Crypto Finance AnchorNote, allows institutions to trade on different platforms without moving their assets out of custody. It also helps them settle trades off-exchange and earn yields within a compliant, risk-controlled setup, according to a Tuesday announcement.

“With Crypto Finance AnchorNote, we are closing a critical gap between custody and capital efficiency,” said Philipp Dettwiler, head of custody and settlement at Crypto Finance. The launch is initially focused on the Swiss market, with a broader European rollout expected in the near term.

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