BaFin, the financial regulator for Germany, has issued four licences to Crypto Finance, a subsidiary of Deutsche Boerse focused on digital assets.
The four licences will enable Crypto Finance to offer digital asset trading, settlement and custody services within Germany.
The firm is targetting the institutional investor market and sees the licence awards strengthen its position within the digital asset ecosystem.
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“We are excited that Crypto Finance (Deutschland) GmbH is now licensed by BaFin, the highest benchmark in regulatory oversight, as a crypto custody provider in Germany,” said Stijn Vander Straeten, Crypto Finance CEO.
“It distinguishes our offering as one of the few to meet these exceptionally high standards.”
The licence awards also come as Europe gears up for the implementation of MiCA, the EU’s landmark directive for regulating digital assets.
