Just In: Deutsche Börse Buys Majority Stake in Digital Asset Manager Crypto Finance AG

Just In: Deutsche Börse Buys Majority Stake in Digital Asset Manager Crypto Finance AG

Deutsche Boerse AG, the major German stock exchange operator has acquired a majority stake in Switzerland-based institutional digital asset manager Crypto Finance AG. Although the exact financial details of the deal were not revealed the firm said the amount is “moderate three-digit Swiss francs million range.”

The two-third stake in the crypto asset manager will be finalized by the final quarter of 2021 after all regulatory clearance. The remaining shares of the crypto manager would stay with the existing investors. The German exchange operator deemed the recent acquisition as a major step towards building a compliant crypto ecosystem in Europe. The firm said,

“The acquisition is an important step on Deutsche Börse’s way to building a trusted and fully regulated digital asset ecosystem in Europe,”

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