Deutsche Börse AG

Clearstream, a major European post-trade services provider and subsidiary of the Deutsche Börse Group, has expanded its cryptocurrency custody footprint. The firm added XRP and other tokens to its custody offering, though the full list of supported assets was not disclosed in the announcement.

German stocks moved higher on Monday, lifting the benchmark DAX to a new record high of 25,902.91, as strong factory orders data and expectations of strong earnings updates and easing inflation concerns aided sentiment. The DAX was up 47.74 points or 0.18% at 25,845.22 around noon. Germany's factory orders rebounded at a stronger-than-expected pace in May, expanding 1.9% on a monthly basis, in contrast to the revised 3.2% drop in April, data from Destatis showed. Orders were forecast to grow 1.1%. Among individual stocks, Scout24 was the top gainer, up 2.75%, while SAP and Deutsche Boerse moved up nearly 2%.

Germany is experiencing a surge in dealmaking, with $125 billion of announced transactions involving German companies in the first half of the year, potentially the third-highest tally in two decades. Volkswagen has agreed to sell a stake in its Everllence marine engine business to Bain Capital for about 7.4 billion. Other major deals include Kone's 29.4 billion takeover of TK Elevator and Deutsche Borse's 5.3 billion acquisition of Allfunds. Further activity may be ahead, with UniCredit pursuing Commerzbank, Uber eyeing Delivery Hero, and Deutsche Telekom discussing a combination with T-Mobile US. Private equity firms are also active, with Triton buying Flender for about 3 billion and Stada reportedly considering a 6 billion acquisition of Cooper Consumer Health.