Deutsche Börse Group has made tokenized shares of all 40 DAX constituents available for around-the-clock trading on its affiliated platform 360X, opening Germany’s largest listed companies to investors in more than 110 markets worldwide.

The tokenized equities framework xStocks, developed by Payward, has deployed onchain representations of every company in the DAX 40 index on 360X, a Deutsche Börse Group-affiliated venue regulated under the EU’s DLT Pilot Regime since February 2026. Each token is backed 1:1 by the underlying share held by a regulated custodian and can be traded at any hour. Tokenized versions of SAP, Siemens, Allianz and Deutsche Telekom were available from the first day of the launch.

The expansion also includes Xetra-Gold as an xStock, extending onchain distribution to what Deutsche Börse describes as Europe’s largest physically backed gold security. The move gives digital-native investors direct access to both German equities and the gold instrument through the same infrastructure.

Deutsche Börse Group and Payward have been working together since December 2025 under a broader agreement combining regulated market infrastructure with crypto-native technology. The partnership aims to build a hybrid exchange ecosystem that connects on-chain and off-chain trading across traditional and tokenized assets.

xStocks launched in June 2025 initially with tokenized US stocks and ETFs. The framework has since grown to cover more than 1,300 instruments, including tokenized stocks, ETFs and pre-IPO access, with assets under management exceeding 1 billion US dollars, total transaction volume above 45 billion US dollars and more than 500,000 unique holders globally.

For investors in regions such as Southeast Asia and Latin America, the DAX 40 expansion represents the first practical route to exposure to German capital markets, according to Deutsche Börse Group. The companies listed in the index also gain a new distribution channel into a global pool of onchain investors.

Source: Deutsche Börse Group. Read the original (published 2026-11-11).