Crypto News: Boerse Stuttgart Digital on Thursday announced that one of its units, blocknox GmbH has gained the final license as a crypto custodian from the German Federal Financial Supervisory Authority (BaFin). This development comes when the global stock market witnessed some recovery after the recent dump caused by the multiple bank collapse.
As per the announcement, Boerse Stuttgart Group under the brand Boerse Stuttgart digital has combined all its cryptocurrency and digital assets operations. The license will give the Boerse Stuttgart digital firm the power to offer solutions to institutional investors with access to cryptocurrencies.
Germany’s second largest stock exchange expects European banks, brokers, asset managers, and family offices to utilize trading and custody solutions.
Matthias Voelkel, CEO of Boerse Stuttgart Group mentioned that this is the first instance that an established market participant gained the license to hold digital assets in custody with any takeover. Read More Crypto News Here…
Also Read: Crypto Market At Risk As Easy Cash Era Comes To An End
Earlier, Coingape reported that the exchange operator Nasdaq might launch its crypto custody services. However, it is expected that to be out by the end of the second quarter. It is being suggested that this move will broaden the scope of services offered in the crypto space.
However, the exchange group, in September 2022 revealed that it will initially offer custody services for Bitcoin (BTC) and Ethereum (ETH). This service will be available for institutional investors first.
Also Read: US SEC Focus On Enforcement Over Clarity: Ripple Execs Ahead Of Lawsuit Verdict
Leading asset manager ProShares is seeking to establish a new crypto ETF tracking the CoinDesk…
U.S. President Donald Trump has cast doubts over his meeting with China's President Xi Jinping.…
Experts have indicated that a rotation might be occurring with investors moving from gold to…
Crypto and AI Czar David Sacks is set to meet with Republican members of the…
Federal Reserve Governor Chris Waller has floated the idea of a 'Payment account' framework that…
Aster is regaining momentum in the perp DEX space as it outpaces Lightchain in 24-hour…