Deutsche Börse to Leverage Google Cloud for Digital Asset Market Operations

Deutsche Börse to Leverage Google Cloud for Digital Asset Market Operations

(IN BRIEF) Deutsche Börse and Google Cloud have partnered to enhance Deutsche Börse’s cloud adoption and improve its digital securities platform, D7. Deutsche Börse will leverage Google Cloud’s secure infrastructure and data analytics capabilities to accelerate the development of D7 and enhance its data distribution. The two companies will also invest in regulatory controls and security features to meet regulatory requirements. The partnership also aims to innovate Deutsche Börse’s digital asset business with an institutional-grade offering and expand these capabilities to more asset classes over time. The partnership will also focus on cybersecurity and adherence to existing regulations.

(PRESS RELEASE) FRANKFURT, 9-Feb-2023 — /EuropaWire/ —  Deutsche Börse Group (ETR: DB1), an international exchange organisation and innovative market infrastructure provider and Google Cloud today announced a strategic partnership to accelerate the adoption and efficiency of cloud technology within Deutsche Börse. The partnership will leverage Google Cloud’s secure infrastructure and leading data and analytics capabilities to drive the development of Deutsche Börse’s digital securities platform, D7.

With a multi-cloud strategy, Deutsche Börse has already set new standards for cloud innovation in the financial services industry. Google Cloud will become Deutsche Börse’s preferred cloud partner for the next decade, helping to further enhance cloud adoption and efficiency.

The D7 platform represents a new paradigm for handling the end-to-end processing of digital securities, providing interoperability with both legacy and new environments based on distributed ledger technology. The platform will be underpinned by Google Cloud’s scalable and secure infrastructure and feature an intelligent data analytics layer powered by Google Cloud’s BigQuery and Analytics Hub. With this enhanced platform, Deutsche Börse will be able to deliver new applications, products, and digital securities services to its customers and the wider financial industry. The two companies will also jointly invest in strong regulatory controls and security features to meet regulatory requirements.

“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 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, combined with Google Cloud’s technology expertise and scale, will drive tangible success for our business and broader financial markets.”

“Exchanges sit at the epicenter of the financial ecosystem and have an increasingly important role to play to drive the future of market innovation and efficiencies,” said Thomas Kurian, CEO of Google Cloud. “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 have for all market participants.”

The partnership will also drive innovation in Deutsche Börse’s digital asset business with an institutional-grade offering, including a Digital Assets Business Platform with a cloud-native market infrastructure. Deutsche Börse aims to expand these capabilities to include additional asset classes in the future.

The two companies will jointly deploy a data mesh for several of Deutsche Börse’s data distribution and use cases in the cloud, leveraging Google Cloud’s scalable and secure infrastructure and leading data and connectivity products. With a strong focus on cybersecurity and regulatory compliance, the partnership aims to take digitization in capital markets to the next level.

About Google Cloud

Google Cloud accelerates every organization’s ability to digitally transform its business. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

About Deutsche Börse

As an international exchange organization and innovative market infrastructure provider, Deutsche Börse Group ensures capital markets that are transparent, reliable and stable. With its wide range of products, services and technologies, the Group organizes safe and efficient markets for sustainable economies. Its business areas cover the entire financial market transaction process chain. This includes the provision of indices, data and analytical solutions as well as admission, trading and clearing. Additionally, it comprises services for funds, the settlement and custody of financial instruments as well as the management of collateral and liquidity. As a technology company, the Group develops state-of-the-art IT solutions and offers IT systems all over the world. With more than 10,000 employees, the Group has its headquarters in the financial center of Frankfurt/Rhine-Main, as well as a strong global presence in locations such as Luxembourg, Prague, Cork, London, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and Sydney.

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SOURCE: Deutsche Börse Group


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