German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary

Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent.

Sisu

Boerse Stuttgart Subsidiary Blocknox to Offer Crypto Custody Services Under Bafin License

Germany’s second-largest stock exchange and one of the largest in Europe, Boerse Stuttgart, will be able to provide European banks, maaklerid, asset managers, and family offices with both trading and custody solutions for their crypto asset offerings.

Its subsidiary, Blocknox, which is part of the Boerse Stuttgart Digital division, has received the final license for its operations as a crypto custodian from the Bundesrepublik’s Federal Financial Supervisory Authority (Bafin), a Pressiteade paljastatud.

Boerse Stuttgart Digital is the stock market’s brand for all activities in the field of cryptocurrencies. Through the unit, Boerse Stuttgart Group is able to offer institutional partners various solutions for accessing, kauplemine as well as keeping cryptocurrencies on behalf of clients. The exchange noted:

A high six-digit number of end customers are already benefiting from excellent liquidity today.

According to Matthias Voelkel, CEO of Boerse Stuttgart Group, the license allows the company to become a fully regulated, one-stop shop for brokerage, trading and custody of digital assets. “This makes us the infrastructure partner of choice for banks, maaklerid, asset managers and family offices,” he elaborated.

Reliability, stability and transparency form the basis for functioning crypto markets, added Oliver Vins, managing director of Boerse Stuttgart Digital and Blocknox. He believes that the Bafin license asserts Boerse Stuttgart’s role as a provider of secure access to the growing market for digital assets.

Crypto custody services were legalized in Germany in January 2020. Companies that want to provide them are required to obtain a special permit. In February of that year, Boerse Stuttgart teatas that Blocknox intends to offer such services to institutional clients. The subsidiary applied for regulatory approval and was initially granted the provisional status of a regulated financial service provider.

Sildid selles loos
Bafin, Blocknox, Boerse Stuttgart, Boerse Stuttgart Digital, Krüpto, crypto custodian, crypto-custody, Krüptovaluutad, Krüptovaluuta, custodian, custody, Digitaalsed varad, Vahetada, german, Germany, Litsents, licensed, stock exchange

Do you think Germany will continue to issue licenses to crypto custodians? Rääkige meile allpool olevas kommentaaride jaotises.

Lubomir Tassev

Lubomir Tassev on tehnikatundlik Ida-Euroopa ajakirjanik, kellele Hitchensi tsitaat meeldib: "Kirjanikuks olemine on see, mis ma olen, selle asemel, mida ma teen." Peale krüpto, blockchain ja fintech, rahvusvaheline poliitika ja majandus on veel kaks inspiratsiooniallikat.




Pildi autorid: Shutterstock, Pixabay, Wiki Commons, Andreas Marquardt / Shutterstock.com

Vastutusest loobumine: See artikkel on mõeldud ainult informatiivsel eesmärgil. See ei ole otsene pakkumine ega ostu- või müügipakkumise küsimine, või mis tahes toodete soovitust või kinnitust, teenuseid, või ettevõtted. Bitcoin-Tidings.com ei paku investeeringuid, maks, seaduslik, või raamatupidamisalane nõustamine. Ettevõte ega autor ei vastuta, otseselt või kaudselt, mis tahes kahju või kaotuse eest, mis on põhjustatud või väidetavalt põhjustatud mis tahes sisu kasutamisest või sellest sõltumisest või sellega seoses, selles artiklis mainitud kaupu või teenuseid.

Lugege lahtiütlemine