Deutsche Börse Group’s crypto-asset trading platform 3DX on Wednesday announced a partnership with middleware provider BridgePort, integrating off-exchange settlement (OES) capabilities into its MiCAR-regulated, institutional-only venue.
3DX is a product suite of 360 Treasury Systems AG, the Deutsche Börse subsidiary that operates the 360T foreign exchange platform. BridgePort provides institutional middleware designed to coordinate settlement between exchanges, trading firms and custodians.
The integration is aimed at a specific pain point: firms trading crypto on centralised venues typically need to pre-fund exchange wallets, tying up capital and exposing it to platform risk.
Here is how the setup works.
A firm executes a trade on 3DX. BridgePort sits as a messaging and coordination layer between the firm and its chosen custodian. Credit allocation is handled pre-trade, and settlement coordination happens post-trade. The result is that assets can remain with a third-party custodian rather than sitting on-venue, reducing idle capital and exchange-risk exposure.
The press release was explicit about what 3DX does not do: it does not perform settlement, custody, leverage or credit intermediation. The integration is modular by design, with BridgePort handling the coordination layer and 3DX remaining strictly a regulated trading venue.
Carlo Kölzer, CEO of 360T and Head of FX and Digital Assets at Deutsche Börse Group, said: “We are excited to integrate BridgePort’s middleware, enhancing the options available to our clients. In line with our commitment to provide convenient crypto solutions, this collaboration extends 3DX’s capabilities, offering even greater flexibility in managing assets and optimizing capital efficiency.”
Nirup Ramalingam, CEO of BridgePort, said: “Our partnership with 3DX represents a significant milestone ahead of our upcoming production launch and brings together complementary strengths.”
Ramalingam’s mention of an “upcoming production launch” suggests the integration may be staged rather than fully live for all clients immediately. The companies did not clarify the rollout timeline.
BridgePort describes itself as custodian-agnostic, meaning firms are not locked into a single custody provider.
360T connects over 3,000 buy-side customers and more than 200 liquidity providers across 80 countries. The 3DX platform is designed to mirror familiar FX trading workflows, giving institutional firms a route into crypto without rebuilding their operational stack.
