Access crypto asset services! Deutsche Börse receives Startup Crypto Financial

German head of commodities exchange Deutsche Börse Group announced on Thursday that it has acquired the majority stake in Swiss start-up Crypto Finance, making it one of the most recent financial services companies to enter the space of cryptocurrency.

Founded in 2017, Crypto Finance specializes in services related to blockchain technology, providing businesses and qualified investors with tools for trading, management, brokerage, warehousing and real estate investment in over 200 types of businesses. 'crypto assets and is the leader in Switzerland. financial sector. . Legal supervision (FINMA).

The acquisition of Crypto Financial will allow Deutsche Börse Group to take ownership of the way to invest directly in crypto assets and provide its customers with after-sales services such as crypto oversight. The deal was announced in June this year when Deutsche Börse Group announced that it would pay more than $ 188.6 million to acquire around two-thirds of its stake in Crypto Financial.

According to a statement from the Deutsche Börse group, Crypto Finance co-founder and CEO Jan Brzezek and his team will continue to be responsible for the startup's success and will have many partnerships. Crypto Financial will continue to exist as an independent business with key clients of banks, property managers, fintech companies, and other financial institutions.

Eric Leupold, Chief Financial Officer of Deutsche Börse Group, said: “This is a step forward in our digital heritage.

Deutsche Börse Group and Commerzbank (Commerzbank) only started trading at 360X in October of this year. Deutsche Börse Group hopes to develop a blockchain-based digital and digital art and real estate industry through this exchange.

According to a report by "CryptoPotato", many German financial companies have taken to trading crypto assets one after another. After announcing that German financial institution Sparkasse will announce a cryptocurrency wallet next year, Commerzbank and Volksbank are also planning similar services.