{"id":19404,"date":"2023-04-02T09:53:40","date_gmt":"2023-04-02T09:53:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/german-stock-exchange-boerse-stuttgart-to-provide-crypto-custody-through-licensed-subsidiary-exchanges-bitcoin-news\/"},"modified":"2023-04-02T09:53:40","modified_gmt":"2023-04-02T09:53:40","slug":"german-stock-exchange-boerse-stuttgart-to-provide-crypto-custody-through-licensed-subsidiary-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/german-stock-exchange-boerse-stuttgart-to-provide-crypto-custody-through-licensed-subsidiary-exchanges-bitcoin-news\/","title":{"rendered":"German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Blocknox, a subsidiary of one of Europe\u2019s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent.<\/strong><\/p>\n

Boerse Stuttgart Subsidiary Blocknox to Offer Crypto Custody Services Under Bafin License<\/h2>\n

Germany\u2019s second-largest stock exchange and one of the largest in Europe, Boerse Stuttgart, will be able to provide European banks, brokers, asset managers, and family offices with both trading and custody solutions for their crypto asset offerings.<\/p>\n

Its subsidiary, Blocknox, which is part of the Boerse Stuttgart Digital division, has received the final license for its operations as a crypto custodian from the Bundesrepublik\u2019s Federal Financial Supervisory Authority (Bafin<\/a>), a press release<\/a> revealed.<\/p>\n

Boerse Stuttgart Digital is the stock market\u2019s brand for all activities in the field of cryptocurrencies. Through the unit, Boerse Stuttgart Group is able to offer institutional partners various solutions for accessing, trading<\/a> as well as keeping cryptocurrencies on behalf of clients. The exchange noted:<\/p>\n

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A high six-digit number of end customers are already benefiting from excellent liquidity today.<\/p>\n<\/blockquote>\n

According to Matthias Voelkel, CEO of Boerse Stuttgart Group, the license allows the company to become a fully regulated, one-stop shop for brokerage, trading and custody of digital assets. \u201cThis makes us the infrastructure partner of choice for banks, brokers, asset managers and family offices,\u201d he elaborated.<\/p>\n

Reliability, stability and transparency form the basis for functioning crypto markets, added Oliver Vins, managing director of Boerse Stuttgart Digital and Blocknox. He believes that the Bafin license asserts Boerse Stuttgart\u2019s role as a provider of secure access to the growing market for digital assets.<\/p>\n

Crypto custody services were legalized in Germany in January 2020. Companies that want to provide them are required to obtain a special permit. In February of that year, Boerse Stuttgart announced<\/a> that Blocknox intends to offer such services to institutional clients. The subsidiary applied for regulatory approval and was initially granted the provisional status of a regulated financial service provider.<\/p>\n

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Bafin<\/a>, Blocknox<\/a>, Boerse Stuttgart<\/a>, Boerse Stuttgart Digital<\/a>, Crypto<\/a>, crypto custodian<\/a>, crypto-custody<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, custodian<\/a>, custody<\/a>, Digital Assets<\/a>, Exchange<\/a>, german<\/a>, Germany<\/a>, License<\/a>, licensed<\/a>, stock exchange<\/a><\/div>\n<\/div>\n

Do you think Germany will continue to issue licenses to crypto custodians? Tell us in the comments section below.<\/strong><\/em><\/p>\n

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\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Andreas Marquardt \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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