Crypto Finance was bought by Deutsche Börse in 2021. Now it is likely to play a role in its planned institutional crypto exchange.
Crypto Finance’s German subsidiary has received four licenses from the German Federal Financial Supervisory Authority (BaFin). The Crypto Finance licenses come as its parent company Deutsche Börse prepares to launch a digital exchange.
Crypto Finance (Deutschland) is a provider of institutional-grade digital asset investment products, custody and trading. It is already regulated by the Swiss Financial Market Supervisory Authority, or FINMA. The German licenses will permit it to engage in regulated digital asset trading, settlement and custody services for institutions in Germany, according to an announcement.
Deutsche Börse acquired a majority stake in Switzerland-based Crypto Finance Group in 2021. Crypto Finance already offers products on the SIX exchange in Switzerland, where it launched the first Swiss crypto asset investment fund.
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Source: https://cointelegraph.com/news/deutsche-boerse-owned-crypto-finance-gets-german-licenses-parent-readies-exchange-launch