Deutsche Börse Group Acquired Majority Stake In Crypto Finance AG
Deutsche Börse Group has acquired a majority stake in the Crypto Finance AG holding. The deal will enable the organization to expand its digital asset offering. According to a press release, the deal is scheduled to close in Q4 2021 after regulatory approval.
As part of the agreement, Deutsche Börse Group will receive 66.6% of the controlling stake in Crypto Finance AG, the remaining shares stay with existing investors.The founder and CEO of the company, Jan BRZEZEK, will retain his shares and will continue to lead and manage the business.
Crypto Finance AG will receive investments in the three-digit range of millions of Swiss francs. The parties did not disclose detailed financial terms of the deal. Through the deal, Deutsche Börse Group plans to expand its capabilities, including post-trading services such as custody. The organization aims to provide major market players with a direct entry point for investment.
Image: Cicero Online
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