Crypto Finance AG, a subsidiary of Deutsche Börse Group specializing in institutional-grade investment solutions for digital assets, has been granted four licenses by the German Federal Financial Supervisory Authority (BaFin).
These licenses authorize Crypto Finance (Deutschland) GmbH to provide regulated digital asset trading, settlement and custody services within Germany.
This development marks a significant step for Crypto Finance in enhancing its offerings in the regulated European digital asset market.
The company stated that the acquisition of these licenses by Crypto Finance underscores its commitment to adhering to the regulatory standards set by BaFin, recognized for its stringent regulatory oversight.
Also Read: Solana Mobile Sales Highlight Potential Of Blockchain Payments, Generating $45M With Zero Fees
Stijn Vander Straeten, CEO of Crypto Finance Group, expressed satisfaction with the company's licensing by BaFin, noting it as a testament to the company's ability to meet high regulatory standards and its contribution towards creating a reliable crypto asset ecosystem.
Eric Viohl, Managing Director of Crypto Finance (Deutschland) GmbH, highlighted the company's comprehensive approach to digital assets, offering a one-stop-shop solution that covers the entire value chain.
With these new licenses, Crypto Finance aims to provide a full spectrum of highly regulated services in Germany, from trading to post-trade services, catering to institutional investors interested in the digital asset sector.
Photo: Unsplash
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!