Deutsche Börse Group is extending its offering for digital assets by acquiring a majority stake in Crypto Finance AG.
An independent financial group under consolidated FINMA supervision, Crypto Finance AG offers institutional and professional clients trading, storage, and investment in digital assets. Deutsche Börse marked the acquisition as an important step in building a fully regulated digital asset ecosystem in Europe.
Crypto Finance will still be led by the current management team along with founder Jan Brzezek. They still retain significant personal holdings in the company. Apart from 24/7 trading and brokerage of more than 200 digital assets, the fully-licensed securities firm additionally offers a highly secure in-house custody solution.
Through being connected to a multitude of digital asset venues worldwide, Crypto Finance helps solve the issue of liquidity fragmentation in the market. Additionally, professional and institutional clients can directly invest in digital assets without having to set up their own infrastructure. In addition to its wide range of digital assets securely with custody solutions, Crypto Finance offers tokenization and blockchain infrastructure services.
Deutsche Börse’s benefit
Crypto Finance will now be able to further scale the business and expand its range of digital asset services as part of Deutsche Börse Group. Deutsche Börse hopes to make Crypto Finance’s offering easily accessible for participants through its own established platforms. Its stated goal is “to establish a neutral, transparent, and highly scalable digital asset ecosystem under European regulation.”
Earlier this year, Deutsche Börse teamed up with Commerzbank to jointly launch a Frankfurt-based digital asset venture called 360x. In the beginning, the venture will focus on utilizing blockchain to tokenize art and real estate. A minimum viable product (MVP) is expected later in the year.
Deutsche Börse will serve as the market infrastructure operator, while Commerzbank is leading the way into the future of digital banking.