Crypto Finance (Deutschland), a subsidiary of Crypto Finance Group regulated by FINMA, has secured four licenses from BaFin, the German Federal Financial Supervisory Authority, enabling it to offer regulated digital asset trading, settlement, and custody services for institutional clients in Germany. This development coincides with Deutsche Börse’s plans to launch DBDX, a digital exchange targeting institutional users, following its acquisition of a majority stake in Crypto Finance Group in 2021. The acquisition and licensing of Crypto Finance (Deutschland) align with Deutsche Börse’s broader strategy to establish a trusted ecosystem for crypto assets, positioning the company within the regulatory framework outlined by MiCA. With BaFin’s approval, Crypto Finance is poised to play a significant role in shaping the evolving landscape of institutional crypto trading and custody services in Germany and beyond. (Source: Cointelegraph)
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