Deutsche Börse Acquires a Majority Stake in Swiss Fintech Crypto Finance

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by Bhushan Akolkar · 3 min read
Deutsche Börse Acquires a Majority Stake in Swiss Fintech Crypto Finance
Photo: Deutsche Börse Group

The two companies will work together to expand their market footprint by sharing client and infrastructure resources. This acquisition gives the Deutsche Börse Group 2/3rd controlling stake in the Swiss FinTech firm. 

Germany’s popular Deutsche Börse Group announces the acquisition of a majority stake in Swiss FinTech firm Crypto Finance AG. The FINMA-regulated Swiss firm provides investment, custody, and trading of digital assets to institutional and professional clients.

This acquisition will also help Deutsche Börse to expand its footprint in the fastly evolving crypto space. Besides, it will give the trading giant the ability to offer its clients a direct entry point to investments and other post-trade services like crypto custody.

This acquisition proves to be a win-win for both giants. Now being part of the Deutsche Börse Group, Crypto Finance can easily scale its business while expanding the range of digital asset services. The two players will also work together to create transparent, neutral, and scalable digital assets ecosystem that functions under European regulations. Commenting on this acquisition, Thomas Book, Executive Board member for Trading & Clearing at Deutsche Börse said:

“We are excited that Crypto Finance is joining the Group. The team is an ideal strategic fit and will help us tremendously on our way to building a trusted and fully regulated digital asset ecosystem for institutional investors in Europe. Crypto Finance perfectly complements our recent offerings like 360X, the innovative DLT-based platform for serial marketplace creation, and our leading, centrally-cleared crypto ETNs.”

Although the exact details of the deal aren’t available, it is reportedly a three-digit CHF million transaction. The acquisition gives Deutsche Börse Group 2/3 control in the Swiss FinTech firm.

Crypto Finance’s Strong Foothold In Market

The Swiss-based Crypto Finance Group is a fully licensed securities firm that works under FINMA regulation. It offers all-day trading and brokerage services for more than 200 digital assets along with its native in-house custodial solutions.

Crypto Finance also brings connectivity to multiple digital asset ventures worldwide. Thus, it helps to bridge the issue of liquidity fragmentation in the crypto market. The Swiss firm offers institutional clients a seamless infrastructure to directly invest in crypto assets. It also removes any barriers for its clients like having any kind of operational framework.

Apart from trading and investing in crypto, Crytpo Finance provides high-grade custodial solutions. the firm’s additional services in this sector include tokenization and blockchain infrastructure services. Speaking about the deal, Jan Brzezek, CEO & Founder, Crypto Finance AG, said:

“Since the beginning, our goal was to bridge the old and new worlds. This is why we are excited to team up with a neutral partner like Deutsche Börse, who brings trust, reputation, and expertise in traditional financial market infrastructure. In combination with our proven expertise in crypto assets and the underlying technologies, we can now achieve our goals much faster. Together, we will enable thousands of financial institutions and professional investors in Europe to instantly enter this new asset class in a way they are familiar with.”

More crypto-related news can be found here.

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