Boerse Stuttgart digital, the Stuttgart Stock Exchange Group’s crypto arm, entered the Spanish market with a new office in Madrid, the company said Tuesday. The move expands its traces of Europe to eight hubs, including Frankfurt, Zurich and Milan.
The company, earlier this year received the first European Micar license from the German Bafin regulator, provides crypto trading solutions and caution designed for banks, brokers and asset manager.
Its modular platform allows institutions to include cryptocurrency services in their retail offerings while remains compliant with new European Union markets in crypto-assets (Micar) Outline.
The appetite in Spain for digital assets is rising. Market studies suggest that more than half of the population can adopt cryptocurrencies by 2025, presenting an opening for financial companies looking to address client demand. Boerse Stuttgart Digital said these discussions with the major banks of Spain about offering regulated access to crypto.
“Spain with high performance, innovative banks is a major market for us,” says Dr. Matthias Voelkel, CEO of the Boerse Stuttgart Group. “We are already involved in advanced discussions in collaboration with major players.”
