One of Europe’s largest stock exchanges, Boerse Stuttgart Group (BSG), will merge its digital assets division with trading firm Tradias.
This deal will establish a unified structure to serve institutional clients, including banks, brokers, and asset managers. The combined company will offer a full range of services—from brokerage and trading to custodial storage, staking, and tokenization of assets.
The new entity will employ around 300 staff members and will have a shared management team.
The financial details of the agreement have not been disclosed. According to sources from Bloomberg, Tradias is valued at approximately €200 million, while the combined company will exceed $590 million in worth.
BSG is advancing its crypto initiatives through its subsidiary, Boerse Stuttgart Digital, in line with the European regulation MiCA. Tradias is the digital division of Bankhaus Scheich, which holds a BaFin license for trading securities.
CEO of Boerse Stuttgart Group, Matthias Welkeler, described the merger as a step towards consolidating the European crypto market. Tradias founder, Christopher Beck, added that the deal will encompass the entire value chain of digital assets.
As a reminder, earlier in February, the German branch of ING opened access to exchange-traded notes focused on cryptocurrencies for retail clients.