German Blockchain-as-a-Service (Baas) provider Advanced Blockchain AG (photo: Michael Geike CEO) became the first blockchain development firm to be listed on Xetra, a digital stock exchange, operated by Deutsche Börse.
The Xetra has 200 trading participants from across16 European countries, as well as Hong Kong and the United Arab Emirates. It accounted for €131B of Deutsche Börse’s total cash markets €146.0 billion turnover in May 2019. Average daily Xetra trading volume of €6 billion ($6.79 billion).
Advanced Blockchain AG’s proprietary protocol DAGchain, which uses an AI-powered decentralized consensus algorithm and incorporates proof-of-stake (PoS) elements.