Germany Financial News

Check out the companies making headlines in midday trading.

Crypto firms in the United States are reportedly finding the landscape across the Atlantic much more suited to their needs.

Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. In fact, Pfizer is now the first pharmaceutical to vote on decentralized autonomous organization (DAO) proposals of German blockchain-based organization VitaDAO.

Jupiter Fund Management posted an almost 70% drop in profit last year after markets hit assets under management and investors pulled £3.5bn from its funds.

Online music streaming giant Spotify is testing a new playlist function made specifically for non-fungible tokens (NFTs) holders.

Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers — which are suspected to be run by Israel-based crime bosses. 

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Music streaming platform Spotify expands its Web3 efforts by testing token-enabled playlists in several key markets. 

DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco.

The chief executive officer of Apollo Global Management-backed German lender Oldenburgische Landesbank said on 22 February that record profits in 2022 meant the company was prepared for a stock-exchange listing.

Digital asset investment funds saw $32 million in net outflows last week amid a flurry of aggressive regulatory actions from U.S. authorities.

The European Union is famous for its ambivalent relationship with privacy — on the one hand, it was the first place in the world to apply strict data protection regulations. On the other, its central bank digital currency (CBDC) project lacks the anonymity standards of private cryptocurrencies. 

The names of two of FTX co-founder Sam Bankman-Fried's guarantors were revealed on Wednesday, after an unsealing motion from media companies including CNBC was granted by a Manhattan federal judge.

Under the deal, Google Cloud will become Deutsche Börse Group’s preferred partner for cloud consumption for the next ten years with a focus on accelerating development of the exchange's DLT-based digital securities platform D7. The D7 platform will be underpinned by Google Cloud’s secure infrastructure and will have an intelligent data analytics layer via Google Cloud’s BigQuery and Analytics Hub. The partnership also seeks to innovate Deutsche Börse Group’s digital asset business with an institutional-grade offering, including a Digital Assets Business Platform with a cloud-native market infrastructure, combining centralized and decentralized financial infrastructure to deliver crypto spot and derivatives products. The German exchange says it aims to expand these capabilities to further asset classes over time. Additionally, the two companies plan to jointly deploy a data mesh for several of Deutsche Börse Group’s data distribution and data use cases in the cloud. Thomas Kurian, CEO of Google Cloud, comments: “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.”

German engineering and technology giant Siemens has become one of the first companies in Germany to issue a digital bond on a public blockchain, worth €60 million, with a maturity of one year, in accordance with Germany’s Electronic Securities Act.

Despite the strong performance of crypto, technology, and emerging markets-focused funds, the hedge fund industry struggled to match stock market returns in January.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The European cryptocurrency investment company CoinShares released its «Digital Asset Fund Flows Report» on February 6. The report revealed that investors are demonstrating a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows.

In this article

The D7 platform will be underpinned by Google Cloud’s secure infrastructure and will have an intelligent data analytics layer via Google Cloud’s BigQuery and Analytics Hub.The partnership also seeks to innovate Deutsche Börse Group’s digital asset business with an institutional-grade offering, including a Digital Assets Business Platform with a cloud-native market infrastructure, combining centralized and decentralized financial infrastructure to deliver crypto spot and derivatives products. The German exchange says it aims to expand these capabilities to further asset classes over time.

105-year-old German bank DekaBank is planning to launch a blockchain-based tokenization platform in collaboration with the digital asset firm Metaco.