A division of one of Germany's largest stock exchanges received a cryptolic license
A division of one of Germany's leading stock exchanges Boerse Stuttgart has received a license to work with cryptocurrency assets
BaFin's license allows the platform to provide institutional investors with storage, trading and management services for cryptocurrency assets
Blocknox, a company part of Boerse Stuttgart Digital, the digital arm of the Stuttgart Stock Exchange (Boerse Stuttgart), has been licensed to provide services related to cryptocurrencies, according to a press release from the exchange.
The license from Germany's Federal Financial Supervisory Authority (BaFin) allows Boerse Stuttgart Digital to provide institutional investors with custody, trading and management services for cryptocurrency assets. The platform expects its customers to be banks, brokers, management companies and family offices.
The BaFin license will allow Blocknox to offer customers "a fully compliant universal platform for trading, storing digital assets and receiving brokerage services," said CEO Matthias Volkel.
One of Germany's largest exchanges, Boerse Stuttgart, has been involved in cryptocurrency services for several years. In 2018, the company introduced a cryptocurrency trading app called Bison. . The exchange has consolidated all units related to digital assets under the brand Boerse Stuttgart Digital.
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