The international exchange organization Deutsche Börse Group announced today that it has acquired a majority stake in the merged financial group Crypto Finance AG. FINMA supervision Provide institutions and professional clients with the trading, storage and investment of digital assets. Through this acquisition, Deutsche Börse has further expanded its digital asset products by providing direct investment entry points, including post-trade services such as custody.
Crypto Finance Group owns a fully licensed securities company that combines highly secure internal custody solutions to provide 24/7 trading and brokerage services for more than 200 digital assets. Through the connection with many digital asset venues around the world, encrypted finance solves the problem of market liquidity decentralization. Professional and institutional clients can directly invest in digital assets without having to establish their own infrastructure and operational framework.
In addition, crypto finance enables customers to Shop Safely protect various digital assets through custody solutions, and provide tokenization and blockchain infrastructure services. The asset management department under the supervision of FINMA also enables investors to obtain digital asset classes through active and rule-based alternative investment fund products.
As part of the Deutsche Börse Group, Crypto Finance will be able to further expand its business scale and expand the scope of digital asset services. Deutsche Börse also intends to make it easy for participants to access encrypted financial products through its established platform. The goal is to establish a neutral, transparent and highly scalable digital asset ecosystem under European supervision.
“Digital assets will change the financial industry. Thomas Book, a member of the Deutsche Börse’s trading and clearing executive board, said that the demand for established financial institutions is increasing. They hope to become active in this new asset class and hope to have a trustworthy Partners. “We are very pleased that Crypto Finance has joined the group. This team is an ideal strategic partner and will greatly help us build a trustworthy and fully regulated digital asset ecosystem for European institutional investors. Crypto Finance perfectly complements our recent products, such as 360X, an innovative DLT-based serial market creation platform, and our leading, centralized clearing encrypted ETN. “
Jan Brzezek, CEO and founder of Crypto Finance AG, said: “From the very beginning, our goal was to connect the old and the new world. That’s why we are very happy to work with neutral partners like Deutsche Börse, who are in the traditional financial market infrastructure. This brings trust, reputation and expertise. Combining our proven expertise in crypto assets and basic technologies, we will now achieve our goals faster. We will enable thousands of financial institutions in Europe and Professional investors can immediately enter this new asset class in a way they are familiar with.”
Deutsche Börse will hold a modest investment of three-digit million Swiss francs in a fintech company established in 2017, which has won multiple awards. The remaining shares are owned by existing investors, including CEO and founder Jan Brzezek, who will continue to lead and manage the business. After obtaining regulatory approval, the two parties are expected to complete the transaction in the fourth quarter of 2021. Further terms of the transaction were not disclosed.