Share this article
Stuttgart Stock Exchange Unit Secures BaFin License for Crypto Custody
Among the institutions it expects to make use of this offering are banks, brokers, asset managers and family offices.
Updated May 9, 2023, 4:11 a.m. Published Mar 30, 2023, 10:17 a.m.
Blocknox, a part of Boerse Stuttgart's digital unit, has received the final license as a crypto custodian from Germany's financial regulator, BaFin.
The license means Boerse Stuttgart Digital will be able to provide institutional investors with services for trading crypto as well as fiduciary custody, Germany's second-largest stock exchange said in an email Thursday. Among the institutions it expects to make use of the offering are banks, brokers, asset managers and family offices.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BaFin licensing will allow the exchange to offer a "one-stop shop that's fully regulated in Germany for brokerage, trading and custody of digital assets," Matthias Voelkel, CEO of the exchange, said in the email.
Boerse Stuttgart, which is the sixth-largest stock exchange in Europe and which ranks behind the Frankfurt exchange in Germany, has been venturing into crypto services for several years. It unveiled a crypto trading app, Bison, in 2018, reporting that it reached trading volume of over $2.4 billion in 2021. The company didn't immediately respond to a request for a more recent figure.
Read more: Deutsche Bank in Talks to Invest in 2 German Crypto Firms: Bloomberg
UPDATE (March 30, 11:19 UTC): Replaces Bison's 2020 trading volume with that in 2021 in last paragraph
.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
