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Crypto Finance obtains four BaFin licenses strengthening institutional services
Crypto Finance AG, part of Deutsche Börse Group, the FINMA-supervised provider of institutional-grade digital asset investment, custody and trading solutions, has obtained four licenses from the German Federal Financial Supervisory Authority , BaFin.
Stijn Vander Straeten, CEO of Crypto Finance Group, commented: “Crypto Finance (Deutschland) GmbH is now approved by BaFin, the highest benchmark for regulatory oversight, as a crypto custody provider in Germany. This distinguishes our offering as one of the few to meet these exceptionally high standards.
Stijn Vander Straeten, CEO of Crypto Finance Group
The licenses, obtained by its subsidiary Crypto Finance (Deutschland) GmbH, encompass regulated digital asset trading, settlement and custody services in Germany. This development further strengthens the company’s position within the regulated European digital asset value chain, with an emphasis on providing institutional quality services within regulatory frameworks.
Eric Viohl, Managing Director of Crypto Finance (Deutschland) GmbH, highlighted the company’s comprehensive approach: “Crypto Finance offers a comprehensive approach as a single solution for digital assets. Our commitment to covering the entire value chain sets us apart and we are now proud to be able to take significant steps in Germany, where we offer highly regulated services.
“Our offering goes beyond trading to include settlement, custody and post-trade services, creating a seamless experience for institutional investors looking to access the dynamic world of digital assets“, added Viohl.
BaFin accelerates licensing of cryptocurrency custody services
BaFin committed to speeding up its licensing process for crypto custody servicesaimed at fostering trust in the volatile crypto market, as reported Financial tycoons. BaFin President Mark Branson announced the initiative at the Handelsblatt banking summit in Frankfurt.
The increase in applications for cryptocurrency custody licenses in 2023 signals increased demand for regulatory compliance. Branson emphasizes the importance of strict oversight to mitigate risks associated with crypto assets. Despite the rejection of 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 says strong regulation will cultivate consumer confidence and enhance long-term market stability.
Crypto Finance AG, part of Deutsche Börse Group, the FINMA-supervised provider of institutional-grade digital asset investment, custody and trading solutions, has obtained four licenses from the German Federal Financial Supervisory Authority , BaFin.
Stijn Vander Straeten, CEO of Crypto Finance Group, commented: “Crypto Finance (Deutschland) GmbH is now approved by BaFin, the highest benchmark for regulatory oversight, as a crypto custody provider in Germany. This distinguishes our offering as one of the few to meet these exceptionally high standards.
Stijn Vander Straeten, CEO of Crypto Finance Group
The licenses, obtained by its subsidiary Crypto Finance (Deutschland) GmbH, encompass regulated digital asset trading, settlement and custody services in Germany. This development further strengthens the company’s position within the regulated European digital asset value chain, with an emphasis on providing institutional quality services within regulatory frameworks.
Eric Viohl, Managing Director of Crypto Finance (Deutschland) GmbH, highlighted the company’s comprehensive approach: “Crypto Finance offers a comprehensive approach as a single solution for digital assets. Our commitment to covering the entire value chain sets us apart and we are now proud to be able to take significant steps in Germany, where we offer highly regulated services.
“Our offering goes beyond trading to include settlement, custody and post-trade services, creating a seamless experience for institutional investors looking to access the dynamic world of digital assets“, added Viohl.
BaFin accelerates licensing of cryptocurrency custody services
BaFin committed to speeding up its licensing process for crypto custody servicesaimed at fostering trust in the volatile crypto market, as reported Financial tycoons. BaFin President Mark Branson announced the initiative at the Handelsblatt banking summit in Frankfurt.
The increase in applications for cryptocurrency custody licenses in 2023 signals increased demand for regulatory compliance. Branson emphasizes the importance of strict oversight to mitigate risks associated with crypto assets. Despite the rejection of 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 says strong regulation will cultivate consumer confidence and enhance long-term market stability.