360X Lists Tokenized DAX 40 Equities 24/7

360X, an affiliate of Deutsche Börse Group, now lists tokenized versions of all 40 DAX constituents, so German blue-chip exposure can trade onchain while Frankfurt is closed. Tokenized equities are blockchain-based tokens that track a listed share, and onchain means trading recorded on a blockchain.

The tokens are Payward xStocks, according to the Deutsche Börse Group and Payward release. Payward develops xStocks, and the DAX is Germany’s benchmark index of 40 large listed companies. Xetra-Gold, which the release describes as Europe’s largest physically backed gold security, is available as an xStock too.

SAPx, SIEx, ALV.DEx and DTE.DEx are available from day one. The release says each xStock is backed 1:1 by the underlying share, held by a regulated custodian, and tradable 24/7 across select venues. It does not name the custodian.

The xStocks already trade on 360X, which the release describes as a Deutsche Börse-backed venue regulated under the EU DLT Pilot Regime since February 2026. That regime is the European Union’s framework for trading venues that use distributed ledger technology (DLT), a shared digital record.

Payward says the DAX 40 is now within reach of investors in more than 110 markets. Mark Greenberg, Chief Commercial Officer at Payward, said: “German companies have a track record of building innovative products which the whole world relies on, yet there are investors on every continent who have been restricted from investing in these companies.”

He described the aim as “allowing someone in Southeast Asia or Latin America to finally hold tokenized Siemens or Allianz from the same wallet they already use, and trade whenever they like, including the hours when Frankfurt is asleep.”

Carlo Kölzer, Head of FX and Digital Asset at Deutsche Börse Group and Co-CEO of 360X, said: “Our partnership with Payward is exactly the kind of collaboration that accelerates the transformation of capital markets. Our vision is to provide a unified hybrid exchange ecosystem – delivering seamless trading on- and off-chain across traditional and tokenized assets, bridging deep centralized liquidity with interoperable settlement.”

The release says the launch is part of xStocks’ expansion into UK- and EU-listed equities. It identifies no UK names. Deutsche Börse Group and Payward have partnered since December 2025.

For operators, the consequence below is LeapRate’s inference, not a statement in the release. Brokers and liquidity providers, the firms that supply the prices brokers quote, who want German equity flow outside Frankfurt hours now have a regulated venue where DAX exposure can be priced and hedged overnight and at weekends. Each must decide whether to connect and quote there or carry the risk until Frankfurt reopens.

The release gives no membership, onboarding or liquidity-provider terms, and no fees, so firms should ask 360X directly.