Key Notes
- DekaBank manages over €411.5 billion in assets and first entered the crypto space in 2023 by developing a blockchain tokenization platform.
- Boerse Stuttgart Digital secured a full MiCA license in January 2025, allowing legal expansion of crypto operations across the European Union.
- The German stock exchange generates 25% of its revenue from crypto businesses, with its CEO suggesting Bitcoin could reach $500,000 in the mid-term.
DekaBank, Germany’s local investment bank, announced that it would start offering cryptotrading services to institutional clients with support from a major German stock exchange, Boerse Stuttgart.
The exchange’s digital asset wing – Boerse Stuttgart Digital – will provide a regulated infrastructure enabling DekaBank’s crypto offering, exclusively for their institutional client base. In their official announcement, the crypto wing noted : “With our fully regulated brokerage solution, DekaBank can seamlessly provide secure and reliable access to crypto trading”.
The partnership follows Boerse Stuttgart Digital Custody securing a full license in January under the European Union’s newly implemented Markets in Crypto-Assets (MiCA) framework.
DekaBank is one of Germany’s leading asset managers, established more than a hundred years before in 1918. As of September 2024, the bank was overseeing more than €411.5 billion ($427 billion) in total assets.
As one of the country’s largest securities services providers, DekaBank entered the crypto space in 2023 by developing a blockchain-based tokenization platform in partnership with Swiss digital asset firm Metaco.
With the European Union advancing its MiCA crypto regulation framework, DekaBank’s entry into the crypto trading space comes at a very right time. This comes as Europe’s MiCA regulations for digital assets kicked in during late December 2024.
Earlier this year in January 2025, Boerse Stuttgart Digital obtained a crypto asset service provider (CASP) license in Germany under the Markets in Crypto Assets (MiCA) framework, enabling it to legally expand its operations across the European Union.
DeBank Partner Boerse Stuttgart Welcomes Regulatory Developments
German stock exchange Boerse Stuttgart generated 25% of its total revenue in 2024 from crypto businesses. The exchange has been vocal of its support for global regulatory progress in the digital assets market.
In his recent LinkedIn post on February 25, Matthias Voelkel, CEO of Boerse Stuttgart Group, stated: “We firmly believe that smart regulation is essential for the crypto market to flourish”. He further added :
“Regulation providing clear guidelines which ensure transparency and trust, allowing to innovate, while sorting out unserious players. So we welcome that Europe has put smart crypto regulation in place. And we are happy about the strong market dynamic coming from the US. Against this backdrop $500,000 USD for Bitcoin might not be unrealistic in the mid-term […]”
Voelkel also said that Europe is not behind the United States when it comes to crypto regulation. However, he added that the US has done better when it comes to developments regarding artificial intelligence (AI).
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