Deutsche Börse’s Crypto Finance Launches Off-Exchange Settlement
- Crypto Finance launches AnchorNote for off-exchange settlements.
- Enhances capital efficiency and security for institutions.
- Plans expansion across Europe, starting with Switzerland.

Deutsche Börse subsidiary Crypto Finance has launched AnchorNote in Switzerland, an off-exchange settlement for institutions to secure crypto trading under regulated conditions.
AnchorNote’s launch enhances European institutional crypto trading infrastructure, impacting asset security and liquidity while BaFin and FINMA regulations ensure compliance and market stability.
Crypto Finance, a Deutsche Börse subsidiary, launched AnchorNote on September 16, 2025, enabling off-exchange settlements for institutional clients in Switzerland.
The launch of AnchorNote underscores the growing need for secure, efficient institutional crypto trading. It aligns with Deutsche Börse’s digital expansion strategy.
AnchorNote Debuts for Swiss Institutions on Sept 16
Crypto Finance, under the Deutsche Börse umbrella, launched AnchorNote on September 16, 2025. This new solution allows off-exchange settlement for institutional clients, available initially in Switzerland.
Through AnchorNote, Crypto Finance aims to enhance security and capital efficiency. According to Philipp E. Dettwiler, Head of Custody & Settlement, Crypto Finance, “Institutional clients face a constant tradeoff between security and capital efficiency. AnchorNote is designed to bridge that gap.” This marks a significant step in bridging the gap between security needs and trading capabilities for institutions.
Real-Time Collateral Movement Boosts Liquidity
The introduction of AnchorNote offers real-time collateral movement, minimizing pre-funding requirements. This has a positive effect on liquidity management for institutional investors.
Financially, Bitcoin and Ethereum are the initial settlement assets. The development potentially increases competitiveness in Europe’s institutional crypto market, as highlighted in the custody-native settlement solution unveils.
New Platform Mirrors Eurex and Clearstream Innovations
This launch resembles past movements by institutions like Eurex and Clearstream. Both entities have historically aimed to improve regulatory compliance and efficiency in similar moves.
Projections suggest increased adoption of such platforms. As trading becomes more transparent and efficient, market participants may witness reduced transaction complexities. The efforts to improve and sustain financial market infrastructure continue to be a priority for many.
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