Boerse Stuttgart Group and Tradias are merging to create a unified digital assets platform for institutional clients, enhancing their service offerings.
Boerse Stuttgart Group (BSG), one of Europe’s leading stock exchanges, is joining forces with trading firm Tradias to create a unified digital assets platform.
This merger aims to provide a comprehensive suite of services tailored for institutional clients, including banks, brokers, and asset managers. The newly formed entity will encompass brokerage, trading, custodial services, staking, and asset tokenization.
The combined workforce will consist of approximately 300 employees, supported by a shared management team.
While the financial specifics of the merger remain undisclosed, sources indicate that Tradias is valued at around €200 million, and the newly established company is expected to surpass a valuation of $590 million.
BSG is intensifying its cryptocurrency efforts through its subsidiary, Boerse Stuttgart Digital, in accordance with the European Markets in Crypto-Assets (MiCA) regulation. Tradias operates as the digital division of Bankhaus Scheich, which is licensed by BaFin for securities trading.
Matthias Welkeler, CEO of Boerse Stuttgart Group, emphasized that this merger represents a significant move toward consolidating the European cryptocurrency landscape. Christopher Beck, the founder of Tradias, noted that the collaboration will cover the entire digital asset value chain.
Notably, in February, ING's German branch expanded access to exchange-traded notes focusing on cryptocurrencies for retail investors.
