The Digital Asset arm of a major German stock exchange, the Boerse Stuttgart, helps the local investment bank Dekabank in providing cryptocurrency trade services to institutional clients.
The Boerse Stuttgart Digital will provide regulated infrastructure to enable Dekabank to start the crypto offer, which is exclusively aimed at institutional clients, the company said in an announcement shared with Cointelegraph on February 28th.
“In our fully regulated brokerage solution, Dekabank can be given seamlessly to provide safe and reliable access to crypto trading,” Boerse Stuttgart Digital Says In a statement on the LinkedIn page.
The Boerse Stuttgart Digital announced a partnership with Dekabank in February. 28. Source: LinkedIn
Collaboration came shortly after Boesee Stuttgart digital care received a full license Under the new European Union markets in the framework of crypto-assets (MICA) in January.
Debabank’s Travel: From doubt to adoption
Established in 1918, Dekabank was a major German asset manager with total properties over 411.5 billion euros ($ 427 billion) until September 2024.
One of Germany’s largest security service providers, Dekabank started its journey in 2023 of The construction of a blockchain -based tokenization platform In collaboration with the Swiss digital asset firm Metaco.
“Cryptocurrencies may be traditional worldwide, more regulated in some parts of the world, and less to not regulated in other parts of the world,” Dekabank’s Digital Asset Executive said Andreas Sack at the cointelegraph at that time, pointing to the potential risks that came from the differences -the differences of regulations.
With the development of the EU with the Mica Crypto Regulation Framework, Dekabank’s entry into crypto trading was natural, specifically given a collaboration with the Boerse-list.
Boerse CEO is happy about the strong market dynamic from the US
Boerse Stuttgart, who saw it Crypto business drive is 25% of its total income In 2024, global regulations in the crypto industry are accepted.
“We are convinced that for the crypto market to thrive, the wise regulation is key,” Boerse Stuttgart Group CEO Matthias Voelkel Says In a statement to LinkedIn in Feb. 25.
Related: Bitcoin has no real economic demand, ‘says ECB counselor
“The regulation that provides clear guidelines that ensure transparency and confidence, which allows to change, while talking about unsaid players,” Voelkel wrote, and added:
“So we accept that Europe has put Smart Crypto regulation in the area. And we’re happy about the strong market dynamic coming from the US. Against the backdrop of $ 500,000 USD for Bitcoin may not be realistic in mid-term (…)”
Voelkel also emphasized that Europe was not caught behind the United States in the Crypto adoption, admitting that the US was better done about artificial intelligence development.
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