Advanced Blockchain AG to list on Deutsche Börse-operated Xetra exchange

Advanced Blockchain AG to list on Deutsche Börse-operated Xetra exchange

Advanced Blockchain AG announced that its shares will be trade-able on Deutsche Börse-operated Xetra exchange.

The announcement claimed that Advanced Blockchain AG is the first blockchain development company that is to be listed on Xetra.

Founded in 1997, the Xetra is an all-electronic trading system used on the Frankfurt Stock Exchange. It has expanded to over 200 trading participants from across 16 European countries. It is also present in Hong Kong and the United Arab Emirates.

Before this achievement, Advanced Blockchain AG was also being listed on the Frankfurt Stock Exchange in the month of January in 2019. When this happened, the designated sponsor was Lang & Schwarz which played as a market maker on Xetra.

In a blog announcement, Advanced Blockchain also noted that the company has also signed a Letter of Intent (LOI) with a German telecommunications provider. The name of telecommunication provider was not disclosed. However, the intent was to develop a blockchain-based protocol for billing on the Internet of Things (IoT) networks.

The binding details among Advanced Blockchain AG and undisclosed telecom operator will be available in the third quarter of 2019. The details will include concrete provisions regarding the remuneration,  percentage participation of Advanced Blockchain AG in future transactions within the network, says the announcement.

PC:Advanced Blockchain AG

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Dushyant is an fanatic student of journalism and mass communication. His interest in the subject arises specifically because of business communication. He is interested in this field because he believes that through his readings he can assist other beings in making the right decisions related to business.

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