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Boerse Stuttgart Digital Enters Spain, Eyes Crypto Market Growth

Boerse Stuttgart Digital Expands to Spain, Secures EU-Wide MiCAR License for Institutional Crypto Services

  • Boerse Stuttgart Digital has opened a new office in Madrid, expanding its operations into Spain.
  • The company now operates eight hubs across Europe, including locations in Frankfurt, Zurich, and Milan.
  • It offers crypto trading and custody services designed for banks, brokers, and asset managers.
  • The firm recently obtained the first Europe-wide MiCAR license from Germany’s BaFin regulator.
  • Boerse Stuttgart Digital is in talks with major Spanish banks to enable regulated access to digital assets.

Boerse Stuttgart Digital, the cryptocurrency arm of the Stuttgart Stock Exchange Group, announced on Tuesday that it has established a new branch in Madrid. This expansion increases the company’s presence in Europe to eight key locations, which already include Frankfurt, Zurich, and Milan.

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The firm provides crypto trading and custody solutions that are tailored for institutional clients, such as banks and asset managers. Earlier in the year, Boerse Stuttgart Digital secured a first-of-its-kind license under the Markets in Crypto-Assets Regulation (MiCAR), authorized by Germany’s BaFin financial regulator. This license allows the company to offer compliant digital asset services across the European Union.

According to the company, its platform uses a modular approach, letting banks and brokers add crypto services to their regular offerings while staying within the new EU regulations. “Spain with its high-performing, innovative banks is a core market for us,” said Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group. “We are already engaged in advanced collaboration discussions with key players.”

The move comes as interest in digital assets increases in Spain. Market research indicates that over half of the Spanish population could adopt cryptocurrencies by 2025. This development presents an opportunity for financial institutions to meet growing demand for regulated crypto access.

Boerse Stuttgart Digital confirmed ongoing discussions with major Spanish banks to provide secure, regulated crypto trading and custody solutions. The company aims to support regional financial institutions as they adapt to changes in the broader crypto and digital asset markets under the EU’s MiCAR rules.

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