GBC AG initiates coverage on Finexity AG – digital capital market infrastructure for private markets with high scalability potential

GBC AG initiates coverage on Finexity AG – digital capital market infrastructure for private markets with high scalability potential

Augsburg, 25.03.2026 – GBC AG, the Augsburg-based research house specialised in listed small and mid caps, has initiated institutional coverage on Finexity AG (ISIN: DE000A40ET88). This is based on the initial coverage study published on 19 March 2026. Headquartered in Hamburg, Finexity is a listed German fintech company in the m:access segment that operates a regulated infrastructure for the issuance and OTC trading of tokenized private market securities.

With its integrated platform approach, Finexity covers the entire value chain from structuring and tokenization to placement and secondary trading. The company combines proprietary DLT technology with an established distribution network of banks, asset managers and financial intermediaries. Strategically, Finexity aims to develop over the medium term into a fully regulated operator of a DLT-based trading and settlement system (DLT TSS) for tokenized securities in Europe.

From GBC’s perspective, a key differentiator is the company’s innovative marketplace and platform model with significant operating leverage. Finexity already has a meaningful track record with a three-digit number of listings, as well as a growing network of more than 50 issuers, banks and asset managers and over 84,000 registered investors. This positions the company in a structural growth market and combines technological scalability with regulatory integration.

“Finexity combines technology, regulation and distribution in a highly innovative platform model for the European private markets space. What we find particularly compelling is that the company is not just facilitating individual transactions, but is building scalable market infrastructure for tokenization, placement and trading. In our view, this positions Finexity in a structurally attractive long-term growth market.”
– Matthias Greiffenberger, Analyst at GBC AG

Based on GBC’s modelling, Finexity is still clearly in an investment and scaling phase. For fiscal year 2026, GBC expects revenue of €9.62 million. Operational break-even is projected for 2028. By 2030, GBC forecasts revenue to increase to €80.00 million and EBITDA to reach €22.00 million, highlighting the strong scalability of the digital platform model. Based on a DCF model, GBC rates the shares BUY with a target price of €72.00 per share.

The full research reports are available via the following links:
German: https://eqs-cockpit.com/c/fncls.ssp?u=4267cebc1929ef831205399063a6ff4c
English: https://eqs-cockpit.com/c/fncls.ssp?u=d8b9b719c9b4cc10f2a3f6c912b25266

About Finexity AG
Finexity AG was founded in 2018 and has developed into a leading fintech company in the digital assets space. Headquartered in Hamburg, the company builds digital capital market infrastructures for tokenized securities and alternative assets. In addition to Germany, Finexity also has an international presence, including Switzerland, Liechtenstein and the United Arab Emirates.

Risk notice:
This announcement neither constitutes financial analysis within the meaning of section 34b WpHG nor investment advice or a recommendation. Investments in shares are generally associated with risks, including the possible total loss of the capital invested.

Notice on potential conflicts of interest pursuant to section 85 WpHG and Art. 20 MAR:
GBC AG and the responsible analyst note that the following potential conflicts of interest may exist at the time of publication: 5a,11. Further details can be found in the full research report and at: www.gbc-ag.de/de/Offenlegung.

Press contact:
GBC AG
Phone: +49 821 241133 0
Email: research@gbc-ag.de