Deutsche Börse subsidiary Crypto Finance has launched AnchorNote, a groundbreaking off-exchange settlement solution for institutional clients, initially available in Switzerland as of September 16, 2025. The platform enables institutions to trade across multiple exchanges without moving assets out of secure custody, significantly enhancing capital efficiency and security.
AnchorNote features real-time collateral movement that minimizes pre-funding requirements and improves liquidity management. The system integrates BridgePort as a middleware layer to coordinate messaging across exchanges and custodians, allowing institutions to operate securely and flexibly in real-time. Bitcoin and Ethereum serve as the initial settlement assets for the platform.
Philipp E. Dettwiler, Head of Custody & Settlement at Crypto Finance, stated: "Institutional clients face a constant tradeoff between security and capital efficiency. AnchorNote is designed to bridge that gap." The launch aligns with Deutsche Börse's digital expansion strategy and mirrors innovations by institutions like Eurex and Clearstream.
Crypto Finance, regulated by both BaFin and FINMA, plans to expand the service across Europe following the Swiss rollout. The company already offers products on Switzerland's SIX exchange, where it launched the first Swiss crypto asset investment fund.