Deutsche Börse exec says tokenization is an evolution, not a threat
CoinTelegraph
by Helen PartzFebruary 19, 2026
AI-Generated Deep Dive Summary
Deutsche Börse executive Carlo Kölzer has emphasized that tokenization represents a natural evolution of market infrastructure rather than a threat to traditional systems. Speaking about the integration of Kraken-backed xStocks into the company’s 360T platform, Kölzer highlighted how this development underscores the potential for tokenized assets to reshape traditional markets. He stressed that Deutsche Börse is positioning itself to seamlessly integrate both tokenized and conventional assets, fostering a hybrid market ecosystem.
Kölzer, who leads digital assets at Deutsche Börse and serves as CEO of its trading platform 360T, expressed optimism about the future of real-world asset (RWA) tokenization. He envisions a unified trading environment where digital and traditional markets operate side by side, creating a more interconnected and efficient financial system. This approach, he explained, is not just about bridging two separate worlds but about building a truly hybrid market that combines the best features of both.
The executive’s comments come as the financial world increasingly grapples with how tokenization can transform traditional markets without displacing them entirely. By leveraging blockchain technology, tokenization offers enhanced liquidity, transparency, and accessibility for real-world assets, addressing some of the longstanding inefficiencies in conventional finance. Kölzer’s bullish outlook reflects a broader recognition within the industry that this evolution is not only inevitable but also essential for meeting modern investor demands.
For crypto enthusiasts and blockchain advocates, this shift matters because it signals the growing adoption of decentralized and digital solutions within traditional financial systems. As institutions like Deutsche Börse collaborate with cryptocurrency platforms such as Kraken, it demonstrates how established players are embracing innovation to stay relevant in an evolving market landscape. This collaboration also opens new opportunities for investors, offering them access to a wider range of assets through tokenization while maintaining the stability and regulation of traditional markets.
Ultimately, Kölzer’s vision points to a future where digital
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Originally published on CoinTelegraph on 2/19/2026