Frankfurt and Sunnyvale, Calif., 9 February 2023 – Deutsche Börse and Google Cloud have today announced a strategic partnership designed to enhance, economize and concentrate Deutsche Börse’s cloud adoption. Specifically, Deutsche Börse said it will leverage Google Cloud’s security and data analytics capabilities “to accelerate the development of its digital securities platform, D7, innovate its digital asset market operations, and enhance its data distribution and data use cases in the cloud.”
Deutsche Börse said Google Cloud will become its preferred partner for cloud consumption for the next 10 within its overall hybrid, multi-cloud strategy.
“Innovation and technological advancements are at the core of Deutsche Börse Group’s DNA,” said Theodor Weimer, CEO at Deutsche Börse, a marketplace for trading shares and other securities. “To trailblaze changing market environments and not only meet but anticipate customer demand, it is key to couple our financial services expertise with the technological prowess of a true market heavyweight. Our deep market infrastructure understanding, combined with Google Cloud’s technology expertise and scale, will drive tangible success for our business and broader financial markets.”
“Exchanges sit at the epicenter of the financial ecosystem and have an increasingly important role to play to drive the future of market innovation and efficiencies,” said Thomas Kurian, CEO of Google Cloud. “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.”
The companies said the partnership will accelerate development of Deutsche Börse’s D7 platform for handling end-to-end processing of digital securities linked to existing legacy environments while also providing for interoperability with new environments based on distributed-ledger technology. D7 will be underpinned by Google Cloud’s scalable infrastructure and will have a data analytics layer powered by Google Cloud’s BigQuery and Analytics Hub, and Google’s leading data capabilities. The enhanced D7 platform will enable Deutsche Börse to deliver applications, products and digital securities services to its customers and the wider financial industry.
The two companies will also jointly invest in regulatory controls and built-in security features to meet regulatory requirements, as applicable.
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. Deutsche Börse Group aims to expand these capabilities to further asset classes over time.
Additionally, the two companies plan to deploy a data mesh for several of Deutsche Börse’s data distribution and data use cases in the cloud.
