One of Europe’s largest stock exchanges, Boerse Stuttgart Group (BSG), will merge its digital assets division with the trading firm Tradias.
The deal aims to create a unified structure to serve institutional clients, including banks, brokers, and asset managers. The combined company will offer a full range of services—from brokerage and trading to custodial storage, staking, and asset tokenization.
The new entity will employ approximately 300 staff members and will have a unified management team.
The financial terms of the agreement have not been disclosed. According to Bloomberg sources, Tradias is valued at around €200 million, while the combined company’s worth will exceed $590 million.
BSG is expanding its crypto division through its subsidiary Boerse Stuttgart Digital, in compliance with the European MiCA regulation. Tradias is the digital arm of Bankhaus Scheich, holding a BaFin license for securities trading.
Boerse Stuttgart Group CEO Matthias Voelkel described the merger as a step towards consolidating the European crypto market. Tradias founder Christopher Beck added that the deal would cover the entire value chain of digital assets.
Earlier in February, the German branch of ING bank opened access to exchange-traded notes focused on cryptocurrencies for retail clients.