Deutsche Börse acquires majority in Crypto Finance

Wednesday 30 June 2021 10:34 CET | News

Deutsche Börse has acquired a two-thirds stake in Switzerland-based digital asset trading and brokerage firm Crypto Finance.

It acquired the stake in the FINMA registered cryptocurrency firm for more than CHF 100 million (USD 108 million). Crypto Finance’s platform has links to numerous other digital asset venues, which, says Deutsche Börse, means professional and institutional clients don’t need to build their own infrastructure. 

Apart from trading, Crypto Finance also has a secure custody solution. Back in 2019, Deutsche Börse invested in custody solution Custodigit and digital share registry firm daura. 

Meanwhile, the Frankfurt Stock Exchange, owned by Deutsche Börse, hosts multiple centrally cleared Exchange Traded Notes (ETN) linked to cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

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Keywords: acquisition, crypto asset, digital assets, cryptocurrency exchange
Categories: Banking & Fintech | Cryptocurrencies
Countries: Europe
This article is part of category

Banking & Fintech