Securities Financing Industry News | Deutsche Börse becomes majority owner of Crypto Finance

Deutsche Börse has acquired a majority stake in Crypto Finance, the provider of digital asset trading, custody and investment services.

The acquisition of a majority stake in fintech, headquartered in Switzerland with a regional presence in Singapore, was signed in June and finalized on December 15, 2021.

The deal will allow Crypto Finance, as a member of Deutsche Börse, to access the German market infrastructure firm’s network and provide the support of its strong capital base to drive the growth of the Crypto team. Finance.

It will also step up Crypto’s efforts to grow its customer base, with a focus on Germany and Singapore.

With this purchase, Deutsche Börse says it will be able to provide customers and service partners with direct access to digital asset services, including post-trade services.

Eric Leupold, Head of Cash Market at Deutsche Börse, said: “With Crypto Finance’s proven expertise and the technologies it has developed, we can now enable financial institutions and professional investors to enter the market. digital assets. This is one more step in our digital asset strategy.

Crypto Finance CEO and Co-Founder Jan Brzezek adds: “Established financial institutions increasingly want to start investing in digital assets and are looking for a trusted partner.

“With its reputation and extensive expertise in operating financial market infrastructures, Deutsche Börse earns this trust. “

Brzezek will remain the Managing Director of Crypto Finance and his current management team will continue to lead the business, retaining a significant stake in the company.

In a joint statement, Deutsche Börse and Crypto Finance say the company will continue to operate as an independent brand with a focus on banks, asset managers, fintechs and other financial intermediaries.

Eric Leupold took over as chairman of the board of Crypto Finance, a position left vacant by Dr Tobias Reichmuth when he stepped down on December 15.

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