Boerse Stuttgart Digital has become the first German company to secure a crypto-asset service provider license under the EU's Markets in Crypto-Assets regulations.
MiCA License Acquisition
The license, granted by Germany's financial regulator BaFin, allows the company to provide crypto services across the EU. This follows Germany's resolution of regulatory delays caused by recent government coalition collapse. Legislation designating BaFin as the local MiCA regulator was finalized by the Bundestag.
Boerse Stuttgart's Cryptocurrency Projects
Boerse Stuttgart Digital boasts extensive experience in the crypto space with strong institutional partnerships. It is a key partner for DZ Bank, which recently started piloting retail crypto solutions for its 737 German community banks. Their joint venture with Axel Springer since 2019 has strengthened their position as a leader in Germany's digital asset ecosystem.
Competition and Prospects
With its new license, Boerse Stuttgart Digital aims to leverage its institutional expertise to tap into the growing EU crypto market. They will face competition from other MiCA-compliant providers in Europe, such as Switzerland-based Sygnum Bank, which recently obtained a CASP license in Liechtenstein.
Securing the license marks a significant milestone for Boerse Stuttgart Digital, enabling it to expand its presence in the European crypto asset market.
