Boerse Stuttgart Digital, the digital asset division of Boerse Stuttgart, has partnered with DekaBank to facilitate cryptocurrency trading for institutional clients.
Announced in a LinkedIn post on February 28, the collaboration will see Boerse Stuttgart Digital provide its fully regulated infrastructure to enable DekaBank—one of Germany’s largest asset managers—to expand its services into crypto trading. The offering will be exclusively available to institutional investors.
“With our fully regulated brokerage solution, DekaBank can seamlessly provide secure and reliable access to crypto trading,”
Boerse Stuttgart Digital stated in the LinkedIn post.
DekaBank, established in 1918, manages assets exceeding €411.5 billion ($427 billion) as of September 2024. The institution first ventured into blockchain technology in 2023, partnering with Swiss digital asset firm Metaco to develop a tokenization platform.
This move follows Boerse Stuttgart Digital Custody securing a full license under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework in January 2024. The MiCA framework, designed to provide clarity and security in the European digital asset market, is expected to accelerate institutional crypto adoption across the region.
Boerse Stuttgart’s cryptocurrency business has grown substantially, contributing 25% of the exchange’s total revenue in 2024. CEO Matthias Voelkel remains optimistic about the sector’s future, highlighting the importance of regulatory clarity in fostering trust, transparency, and innovation.
“We are convinced that for the crypto market to thrive, smart regulation is key,”
Voelkel stated on February 25.
“Regulation providing clear guidelines ensures transparency and trust while weeding out unserious players.”
Voelkel also expressed enthusiasm about the strong market momentum coming from the United States, where institutional interest in crypto continues to rise. He suggested that, under favourable conditions, Bitcoin’s price could reach $500,000 in the mid-term.
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