Deutsche Börse sees head of digital assets depart

Exchange group which has been at the forefront of digital asset investments and initiatives loses head of the unit.

Deutsche Börse’s head of digital assets, Simon Seiter, has left the exchange group after two years to take on a role at private bank Hauck & Aufhäuser.

At Deutsche Börse – which owns and operates Xetra, Eurex and Clearstream – Seiter focused on using distributed ledger technology (DLT) to build new infrastructures for digital assets.

During his time at the group, Seiter oversaw the involvement in initiatives such as HQLAx – the tokenised collateral mobility platform – and FundsDLT which helps intermediaries to digitise fund distribution operations through blockchain technology.

Deutsche Börse also entered into a partnership with FinTech, 360X, to develop a next-generation digital asset trading platform, and carried out a successful joint-settlement of tokenised shares via a DLT platform.

Prior to the role, Seiter worked within Commerzbank’s DLT Lab on projects including the introduction of the first security completely issued and settled on DLT.

Seiter said in a post on social media the new role of head of digital assets will see him build up the newly founded business area for digital assets for the private bank.