Stuttgart Stock Exchange Obtains BaFin License for Crypto Custody

Big news for the German crypto market! The Stuttgart Stock Exchange is now officially a licensed crypto custodian. German stock exchange service provider Börse Stuttgart Exchange has secured a license from the country’s top financial regulator BaFin to provide crypto custody. This significant development underscores the increasing regulatory acceptance of digital assets within Germany's established financial infrastructure.

Blocknox Receives Final BaFin Approval

The Stuttgart Stock Exchange’s digital asset subsidiary has obtained a license from the German Federal Financial Supervisory Authority (BaFin) to provide crypto custody services. As part of Boerse Stuttgart Digital, blocknox GmbH has received the final license for its business operations as a crypto custodian from the German Federal Financial Authority. The financial authority, BaFin, has granted Blocknox, a division of Boerse Stuttgart’s digital business, the final authorization to act as a crypto custodian.

Blocknox, a part of Boerse Stuttgart's digital unit, has received the final license as a crypto custodian from Germany's financial regulator, BaFin. The company is allowed to...

What This Means for Crypto in Germany

This license allows Boerse Stuttgart and specifically Blocknox, to offer secure and compliant crypto custody solutions to institutional investors and other market participants. Stuttgart, – As part of Boerse Stuttgart Digital, blocknox GmbH has received the final license for its business operations as a crypto custodian from the German Federal Financial Authority.

The BaFin license is a crucial step forward, providing increased trust and security for users holding digital assets within the Stuttgart Stock Exchange ecosystem. This move will likely attract more institutional investment and drive further innovation in the German crypto market.