Deutsche Börse Executive Highlights Tokenization as a Progressive Evolution Rather Than a Threat

Published: 2026-02-19

Categories: Markets, Technology

By: Jose Moringa

In the evolving landscape of finance, one of the most intriguing developments is the integration of digital assets into traditional markets. Carlo Kölzer, a key figure in this transformative process, asserts that tokenization is not a threat to conventional financial structures but, rather, a force that is reshaping them. His insights on this topic are particularly relevant in the wake of recent advancements by his company, which has successfully integrated the renowned digital asset exchange Kraken-backed xStocks into their well-established 360T platform.

First, let's break down the concept of tokenization and its implications for the financial industry. At its core, tokenization refers to the process of converting rights to an asset into a digital token on a blockchain. This innovation has the potential to enhance market efficiency by allowing for greater liquidity, fractional ownership, and improved transparency in transactions. As Kölzer emphasizes, rather than displacing traditional finance, tokenization complements and augments it, providing novel ways to streamline operations and expand access to a wider range of investors.

The integration of xStocks into the 360T platform exemplifies this synergy between traditional financial systems and digital innovations. For those unfamiliar, 360T is a leading multi-bank trading platform designed to facilitate foreign exchange (FX) and money market transactions. By incorporating xStocks, which are designed to allow investors to trade fractional shares of digital assets, 360T is positioning itself at the forefront of a significant shift in how assets are traded and owned.

This advancement opens the door to a more diverse array of investment opportunities. Traditional asset classes have long been limited by barriers such as high minimum investment requirements or low liquidity in certain markets. Tokenization, coupled with the functionalities of platforms like 360T, ensures that investors can engage in markets that were previously inaccessible to them. This democratization of investment opportunities is a significant advantage, especially for smaller investors who often face hurdles in participating in high-value asset classes.

Kölzer highlights that the move toward tokenization and the adoption of digital trading solutions is not merely a trend; it is a necessary evolution. Financial markets are increasingly pressured to keep pace with technological advancements and changing investor demographics. The integration of tokenized assets aligns with the expectations of a younger, more tech-savvy generation of traders and investors who value efficiency, transparency, and access to a broader array of financial products.

Moreover, the collaboration with Kraken allows 360T to leverage the expertise of a well-established player in the cryptocurrency space. Kraken possesses a wealth of knowledge regarding the complexities and nuances of digital asset trading, which can significantly enhance the robustness of the 360T platform. This partnership is not just about expanding product offerings but also about sharing best practices for ensuring compliance, security, and reliable execution in digital asset trading.

As regulation surrounding cryptocurrencies and tokenized assets continues to evolve, Kölzer underscores the importance of building trust with regulators and investors alike. Financial markets must adapt to emerging regulations while ensuring that they maintain the integrity of their operations. The successful incorporation of xStocks into the 360T platform highlights a proactive approach to compliance and risk management in the face of rapid technological changes.

In discussing the broader implications of tokenization, Kölzer points to its potential for increasing transparency in various market activities. Traditional markets often operate within opaque frameworks, which can lead to inefficiencies and mistrust among participants. By utilizing blockchain technology, tokenization inherently offers a level of transparency that can reassure investors. Every transaction recorded on a blockchain is immutable and publicly verifiable, thereby reducing the chances of fraud and manipulation in trading.

Furthermore, the efficiencies gained through tokenization extend beyond just security and transparency; they also encompass settlement times. Traditional securities often involve lengthy settlement periods, sometimes taking days to finalize transactions. Tokenized assets, conversely, can facilitate near-instantaneous settlement, greatly enhancing liquidity and allowing investors to react swiftly to market changes. For an industry that thrives on timeliness, this improvement cannot be understated.

The potential for fractional ownership is another transformative benefit of tokenization that Kölzer emphasizes. Investors can own fractions of high-value assets, such as real estate or art, which were previously out of reach for many. This fractionalization can lead to better diversification of investment portfolios, enabling investors to spread their risk across different asset classes. It also opens the door for new business models and investment strategies, further enriching the investment ecosystem.

An integral aspect of this shift is the growing acceptance of digital assets among institutional investors. Once hesitant, institutions are increasingly recognizing the potential of cryptocurrencies and tokenized assets as legitimate components of their portfolios. The involvement of established firms, such as Kraken, lends credibility to this market, signaling to other financial players that the future of trading may indeed involve digital currencies and tokenized products.

As the financial community continues to reconsider and reshape its landscape, Kölzer remains optimistic about the path forward. Although challenges remain—such as regulatory uncertainties and the need for robust cybersecurity measures—he believes that the trajectory is overwhelmingly positive. The financial industry is ripe for innovation, and tokenization is leading the charge.

The integration of xStocks into the 360T platform is a prime illustration of how traditional finance can embrace innovation while enhancing existing practices. By responsibly integrating tokenization and digital trading solutions, firms can remain competitive and responsive to their clients' evolving needs.

Going forward, it will be crucial for financial analysts and market participants to stay cognizant of the changes brought about by tokenization. Understanding the implications of these technologies will not only benefit investors but also foster a deeper comprehension of market dynamics. As digital assets continue to become a mainstay within the investment landscape, adapting to these developments will be essential for anyone involved in finance.

In conclusion, Carlo Kölzer’s perspective on tokenization underscores a transformative moment in financial markets. As traditional manufacturers of financial products realign themselves with digital advancements through initiatives like the integration of xStocks on the 360T platform, the industry stands on the precipice of a new era. An era characterized by increased access to investment opportunities, enhanced transparency, lightning-fast transactions, and a more inclusive financial environment.

As we look ahead, engaging with these changes will require adaptability and foresight. For financial analysts, staying ahead of these trends will be imperative in providing valuable insights to clients and helping navigate this brave new world of finance. Tokenization, as Kölzer illustrates, is not merely a byproduct of technological advancement but rather a fundamental reshaping of how we think about ownership, access, and investment in modern markets.

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