Boerse Stuttgart и Tradias: новый этап в развитии криптоинфраструктуры Европы Translation: Boerse Stuttgart and Tradias: A New Phase in the Development of Europes Crypto Infrastructure

One of the largest stock exchanges in Europe, Boerse Stuttgart Group (BSG), will merge its digital asset division with the trading firm Tradias.

This agreement will facilitate the establishment of a unified structure aimed at serving institutional clients, including banks, brokers, and asset managers. The combined entity will deliver a comprehensive range of services, from brokerage and trading to custodial services, staking, and asset tokenization.

The new organization will employ approximately 300 staff members and will operate under a single management team.

The financial specifics of the deal have not been disclosed. According to sources from Bloomberg, Tradias is valued at around €200 million, and the combined company’s worth is expected to exceed $590 million.

BSG is advancing its cryptocurrency focus through its subsidiary Boerse Stuttgart Digital in accordance with the European MiCA regulation. Tradias, the digital arm of Bankhaus Scheich, holds a BaFin license for trading securities.

CEO of Boerse Stuttgart Group, Matthias Welke, referred to the merger as a step towards consolidating the European cryptocurrency market. Tradias founder Christopher Beck remarked that the deal would encompass the entire value chain of digital assets.

It is worth noting that in early February, the German branch of ING opened access to cryptocurrency-focused exchange notes for retail customers.