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Crypto Finance Clinches Four BaFin Licenses

source-logo  financemagnates.com 12 February 2024 11:21, UTC

Crypto Finance AG, a part of the Deutsche Börse Group, the prudentially FINMA-supervised provider of institutional-grade investment solutions, custody, and trading for digital assets has obtained four licenses from the German Federal Financial Supervisory Authority, BaFin.

Four BaFin Licenses Cement European Presence

Stijn Vander Straeten, the CEO of Crypto Finance Group, commented: “Crypto Finance (Deutschland) GmbH is now licensed by BaFin, the highest benchmark in regulatory oversight, as a crypto custody provider in Germany. It distinguishes our offering as one of the few to meet these exceptionally high standards.”

The licenses, secured by its subsidiary, Crypto Finance (Deutschland) GmbH, encompass regulated digital asset trading, settlement, and custody services in Germany. This development further bolsters the company’s position within the regulated European digital asset value chain, emphasizing its commitment to offering institutional-grade services within regulatory frameworks.

Eric Viohl, Managing Director of Crypto Finance (Deutschland) GmbH, emphasized the company’s comprehensive approach: “Crypto Finance offers a comprehensive approach as a one-stop-shop solution for digital assets. Our commitment to covering the entire value chain sets us apart and we are now proud to be able to achieve significant milestones in Germany, where we offer highly regulated services.”

“Our offering goes beyond trading to include settlement, custody, and post-trade services, creating a seamless experience for institutional investors seeking access to the dynamic world of digital assets.”

financemagnates.com