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.