Deutsche Börse Group Acquires Majority Stake in Crypto Finance AG


Deutsche Börse Group will acquire a two-thirds majority stake in Crypto Finance AG as part of its efforts to upscale its crypto and digital asset offerings in Europe. 

June 29, 2021, | AtoZ MarketsDeutsche Börse Group, the German exchange operator, announced Tuesday that the Group has acquired a majority stake in Switzerland-based Crypto Finance AG.

According to an official announcement, Deutsche Börse Group is planning to expand its presence in the crypto market through a wide range of products related to digital assets. Through the latest acquisition, Deutsche Börse Group aims to provide a direct entry point for investments including post-trade services like custody.

Crypto Finance AG is a Switzerland-based crypto services provider. It is a licensed firm offering trading brokerage services of more than 200 digital assets. Additionally, Crypto Finance AG is providing custody solutions for digital assets.

Commenting on the latest acquisition, Thomas Book, Executive Board member for Trading & Clearing at Deutsche Börse, said: “Digital assets will transform the financial industry. There is increasing demand from established financial institutions that are looking to become active in this new asset class and want a trusted partner. We are excited that Crypto Finance is joining the Group. The team is an ideal strategic fit and will help us tremendously on our way to building a trusted and fully regulated digital asset ecosystem for institutional investors in Europe.”

Since the start of 2021, Deutsche Börse has expanded its crypto-related product offering significantly. In April, the German company introduced an Exchange Traded Note (ETN) on Litecoin (LTC).

In the latest announcement, Deutsche Börse mentioned that the Group is planning to make Crypto Finance’s offering easily accessible for participants via its established platforms. In addition, the German marketplace organizer highlighted the importance of a transparent digital asset ecosystem in Europe. Deutsche Börse will hold a two-thirds majority in the company.

Since the beginning, our goal was to bridge the old and new worlds. This is why we are excited to team up with a neutral partner like Deutsche Börse, who brings trust, reputation, and expertise in traditional financial market infrastructure,” Jan Brzezek, CEO & Founder of Crypto Finance AG, commented.

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