Crypto investors in Europe can now use Börse Stuttgart Digital to access a wide range of crypto-related services.
Börse Stuttgart Digital, a digital asset subsidiary of the Börse Stuttgart exchange group, revealed it had received full approval from the German financial regulator to offer crypto services, including brokerage, trading, and custody.
According to Börse Stuttgart Digital’s statement, the company’s crypto custodian division, blocknox GmbH, received its final license from the German Federal Financial Supervisory Authority (BaFin).
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This nod has made Börse Stuttgart Digital the “only fully regulated one-stop-shop for digital assets” across the financial markets it operates.
The firm’s one-stop digital asset services comprise brokerage, trading, and now crypto custody, which are all fully regulated. Börse Stuttgart Group CEO Dr. Matthias Voelkel noted that this status makes it the preferred digital assets company to institutional clients.
This completes the unique infrastructure we offer: of all the traditional service providers operating in the European crypto market, we are now the only one-stop-shop that's fully regulated by BaFin in Germany for brokerage, trading, and custody of digital assets. For banks, brokers, asset managers, and family offices, this makes us the infrastructure partner of choice.
Börse Stuttgart Digital’s managing director Dr. Oliver Vins applauded the approval, adding that it would allow the company to offer secure access in the growing crypto sector. Dr. Vins highlighted the need for regulatory approval, as it establishes “reliability, stability, and transparency" for well-functioned crypto markets.
BaFin’s nod makes Börse Stuttgart Digital the first company licensed to provide crypto custody services with no acquisitions. The approval follows a provisional license issued to blocknox GmbH in January 2020, when Germany introduced crypto custody regulations.
The consolidated digital assets platform targets European institutions and customers. Moreover, the company already offers reliable crypto services to hundreds of thousands of retail customers in its markets.
Börse Stuttgart Group runs crypto exchanges in Germany, Switzerland, and Sweden, with offices in cities across the three countries.
