Today Germany’s tradias announced it received a securities trading banking license from BaFin. Until now it has been using the license of its parent, Bankhaus Scheich. Additionally, tradias confirmed it closed its Series A funding.
Bankhaus Scheich is a major german market maker, particularly on the Frankfurt stock exchange. Tradias has followed a similar path and provides crypto market making, an OTC crypto desk and tokenization services.
Last year, German securities service provider dwpbank incorporated tradias’ crypto trade execution into its consumer crypto offering. On the tokenization front, earlier this year tradias tokenized shares in a money fund, the Allianz Securicash SRI Fund, on the Polygon blockchain.
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