Regulated venue listing tokenised equities issued on public chains
Deutsche Börse Group, market infrastructure, on Ethereum since April 2026.
Announced 2026-04-15. 360X is an ESMA-regulated trading venue backed by Deutsche Börse Group; Ondo is the token issuer and Deutsche Börse provides the venue, not the token. Ten tokenised US equity and ETF instruments live, on Ethereum, Solana and BNB Chain. IMPORTANT: the Clearstream custody, settlement and collateral integration is phase two and is announced only, not live.
In the record
4
months from first observation to the record's assessment of August 2026
4
market infrastructure rows in the record, this one included
45
rows filed to Ethereum by their sources
What it bears on
R3Do we know what this instrument is, legally, in every venue we operate?
needs design
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.
R5Which network do we settle on, and how do we get out?
needs design
More than a hundred networks and no neutral selection framework. Our own record shows institutional issuance concentrated on mainnet, with layer twos carrying stablecoin float rather than funds.
R6Who is the counterparty when there is no counterparty?
needs design
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.