Breaking: Deutsche Börse acquires majority stake in crypto finance

Sunil Sharma
December 16, 2021
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Today, the German exchange operator, Deutsche Börse announced the completion of its fundraiser with the fintech firm, Crypto Finance AG, for which the company had first signed a deal in June this year. With its exclusive deal, Deutsche Börse declared that the company has acquired majority stake in Crypto Finance, and will now be able to facilitate direct entry point for investments in digital assets, along with custody services.

Eric Leupold, Head of Cash Market at Deutsche Börse said, “Thanks to Crypto Finance’s proven expertise and the technologies they have developed, we can now enable financial institutions and professional investors to enter the digital asset market. This is a step further in our digital asset strategy.”

Furthermore, Deutsche Börse will also provide a wide range of digital assets to its existing customers and new market participants via their established platforms. While Crypto Finance will continue to function independently, yet the updated target consumer base will now be – banks, asset managers, fintechs, and other financial intermediaries. Additionally, according to the press release, expansion of the customer base will be intensified, with a focus on Germany in Europe, and Singapore in Asia.

Jan Brzezek, CEO and co-founder of Crypto Finance noted, “Established financial institutions increasingly want to start investing in digital assets and are looking for a trustworthy partner. With its esteemed reputation and broad expertise in operating financial market infrastructure, Deutsche Börse garners this trust. We are very excited to continue our success story with our colleagues, existing and new clients and partners.”

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Fundings in the crypto space experience consistent hikes

Crypto fundings are on a constant rise. Earlier this month, the Morgan Stanley-backed Bitcoin firm, NYDIG announced in a press release that it had raised the extraordinary amount of $1 billion in its exclusive funding round, determining Wall Street’s increasing interest in the decentralised industry.

“The prospects for both NYDIG and Bitcoin have never been more exciting,” said Robert Gutmann, co-founder and CEO of NYDIG. “Our roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry, and this new equity capital will further accelerate progress towards making this exciting network accessible – and useful – to all.”, he added.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.