Deutsche Börse has acquired a two-thirds stake in Swiss digital asset trading and brokerage firm Crypto Finance. It acquired the stake in the FINMA registered cryptocurrency firm for more than CHF 100 million ($108m).
Crypto Finance’s platform has links to numerous other digital asset venues, which, says Deutsche Börse, means professional and institutional clients don’t need to build their own infrastructure.
“Digital assets will transform the financial industry. There is increasing demand from established financial institutions who are looking to become active in this new asset class and want a trusted partner,” said Thomas Book, Executive Board Member for Trading and Clearing at Deutsche Börse.
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