Crypto Finance AG, a part of the Deutsche Börse Group, the FINMA-supervised provider of institutional-grade investment
solutions, custody, and trading for digital assets has obtained four licenses
from the German Federal Financial Supervisory Authority, BaFin.
Stijn Vander Straeten, the CEO of Crypto Finance Group,
commented: “Crypto Finance (Deutschland) GmbH is now licensed by BaFin, the
highest benchmark in regulatory oversight, as a crypto custody provider in
Germany. It distinguishes our offering as one of the few to meet these
exceptionally high standards.”
Stijn Vander Straeten, CEO of Crypto Finance Group
The licenses, secured by its subsidiary, Crypto Finance
(Deutschland) GmbH, encompass regulated digital asset trading, settlement, and
custody services in Germany. This development further bolsters the company’s
position within the regulated European digital asset value chain, emphasizing
its focus on offering institutional-grade services within regulatory
frameworks.
Eric Viohl, the Managing Director of Crypto Finance
(Deutschland) GmbH, emphasized the company’s comprehensive approach: “Crypto
Finance offers a comprehensive approach as a one-stop-shop solution for digital
assets. Our commitment to covering the entire value chain sets us apart and we
are now proud to be able to achieve significant milestones in Germany, where we
offer highly regulated services.”
.@CryptoFinanceAG Secures Four BaFin Licences in Germany.
Read more: https://t.co/58yTiDvKm7#regtech #digitalassets #fintech #finance #FinancialIT
— Financial IT (@financialit_net) February 12, 2024
“Our offering goes beyond trading to include settlement,
custody, and post-trade services, creating a seamless experience for
institutional investors seeking access to the dynamic world of digital assets,” Viohl added.
BaFin Expedites Licensing for Crypto Custody Services
BaFin
has pledged to expedite its licensing process for crypto custody services,
aiming to foster trust in the volatile crypto market, as reported by Finance Magnates. BaFin President
Mark Branson announced the initiative during the Handelsblatt Banking Summit in
Frankfurt.
The surge in crypto custody license applications in 2023
signals heightened demand for regulatory compliance. Branson emphasizes the
importance of stringent oversight to mitigate risks associated with crypto
assets. Despite rejecting Binance’s license application, BaFin remains focused
on promoting consumer trust and market integrity.
As BaFin accelerates licensing processes, it sets a
precedent for regulatory frameworks across Europe. Branson asserts that robust
regulation will cultivate consumer confidence and bolster market stability in
the long term.
Crypto Finance AG, a part of the Deutsche Börse Group, the FINMA-supervised provider of institutional-grade investment
solutions, custody, and trading for digital assets has obtained four licenses
from the German Federal Financial Supervisory Authority, BaFin.
Stijn Vander Straeten, the CEO of Crypto Finance Group,
commented: “Crypto Finance (Deutschland) GmbH is now licensed by BaFin, the
highest benchmark in regulatory oversight, as a crypto custody provider in
Germany. It distinguishes our offering as one of the few to meet these
exceptionally high standards.”
Stijn Vander Straeten, CEO of Crypto Finance Group
The licenses, secured by its subsidiary, Crypto Finance
(Deutschland) GmbH, encompass regulated digital asset trading, settlement, and
custody services in Germany. This development further bolsters the company’s
position within the regulated European digital asset value chain, emphasizing
its focus on offering institutional-grade services within regulatory
frameworks.
Eric Viohl, the Managing Director of Crypto Finance
(Deutschland) GmbH, emphasized the company’s comprehensive approach: “Crypto
Finance offers a comprehensive approach as a one-stop-shop solution for digital
assets. Our commitment to covering the entire value chain sets us apart and we
are now proud to be able to achieve significant milestones in Germany, where we
offer highly regulated services.”
.@CryptoFinanceAG Secures Four BaFin Licences in Germany.
Read more: https://t.co/58yTiDvKm7#regtech #digitalassets #fintech #finance #FinancialIT
— Financial IT (@financialit_net) February 12, 2024
“Our offering goes beyond trading to include settlement,
custody, and post-trade services, creating a seamless experience for
institutional investors seeking access to the dynamic world of digital assets,” Viohl added.
BaFin Expedites Licensing for Crypto Custody Services
BaFin
has pledged to expedite its licensing process for crypto custody services,
aiming to foster trust in the volatile crypto market, as reported by Finance Magnates. BaFin President
Mark Branson announced the initiative during the Handelsblatt Banking Summit in
Frankfurt.
The surge in crypto custody license applications in 2023
signals heightened demand for regulatory compliance. Branson emphasizes the
importance of stringent oversight to mitigate risks associated with crypto
assets. Despite rejecting Binance’s license application, BaFin remains focused
on promoting consumer trust and market integrity.
As BaFin accelerates licensing processes, it sets a
precedent for regulatory frameworks across Europe. Branson asserts that robust
regulation will cultivate consumer confidence and bolster market stability in
the long term.
