DekaBank Partners with Boerse Stuttgart Digital to Offer Crypto Trading

Highlights:

• DekaBank has partnered with Boerse Stuttgart Digital to offer secure trading of cryptocurrencies for institutional investors.
• DekaBank will offer crypto services under the regulation of MiCA rules.
• More German banks are looking to venture into digital asset markets.

DekaBank has partnered with Boerse Stuttgart Digital to introduce cryptocurrency trading services for institutional investors. The partnership will allow DekaBank to use the regulated brokerage and custody infrastructure of Boerse Stuttgart Digital. The goal is to offer secure and compliant crypto trading solutions.

JUST IN 🚨

DekaBank has officially launched crypto trading for institutional clients in partnership with Boerse Stuttgart Digital.🏦🇩🇪

— Moby Media (@mobymedia) February 28, 2025

Boerse Stuttgart Digital’s services will ensure that there is safety for institutional clients. DekaBank has already secured a crypto custody license from the European Central Bank (ECB) and Germany’s financial regulator, BaFin. These approvals allow the bank to offer digital asset services while adhering to the existing standards. 

🚨🇩🇪 DEKABANK LAUNCHES CRYPTO TRADING & CUSTODY FOR INSTITUTIONS

DekaBank, managing $395 billion in assets, has launched #Crypto trading and custody services for institutional clients.

With licenses from BaFin and the ECB, the bank partnered with Metaco for secure operations,… pic.twitter.com/qZ9gSA5eKQ

— Neel (Crypto Jargon) (@Crypto_Jargon) February 24, 2025

DekaBank’s board member Martin K. Müller stated that the bank has the required experience and infrastructure to support the trading of virtual assets.

Boerse Stuttgart Digital is a key player in Europe’s crypto space. It offers brokerage and custody solutions to financial institutions. The partnership will ensure that the institutional clients of DekaBank will have access to trading through a reliable and regulated platform.

New Rules Make It Easier for Banks to Offer Crypto Services

The European Union’s Markets in Crypto-Assets (MiCA) allows traditional banking systems to integrate digital assets while following strict compliance rules. Boerse Stuttgart Digital Custody recently received full approval under the MiCA framework.

The MiCA framework cuts down the risks related to uncertain regulations in the crypto market and ensures transparency for institutional investors. With this, financial institutions can extend their services without having to worry about legal issues.

DekaBank has been a leader in the management of virtual assets. The bank implemented a blockchain tokenization platform developed with Swiss digital asset firm Metaco two years ago. The project marked DekaBank’s early steps into the crypto industry.

Boerse Stuttgart Digital has also seen growth in its crypto business. Cryptocurrency trading accounted for 25% of the total revenue of the exchange last year. The company continues to support the expansion of institutional crypto adoption across Europe.

Other German banks are also entering the crypto space. Commerzbank partnered with Deutsche Börse subsidiary Crypto Finance to provide trading and custody services for corporate clients. DZ Bank started piloting crypto services for retail clients last year.

More Banks in Germany Are Moving Toward Crypto Services

Currently, DekaBank is dedicated only to institutional clients. However, discussions are underway within the Sparkassen group on expanding crypto services to retail investors.

Germany’s other major banks are also beginning to experiment with virtual asset services. Crypto exchange Bitpanda is working with LBBW as Volksbanken and Raiffeisenbanken work towards offering crypto access to retail customers. This shows a growing interest in institutions in the sector.

In addition, DekaBank holds a crypto securities registrar license and is a central player in blockchain securities issuance. The bank is also a founder of the SWIAT blockchain network, which enables users to transact digital securities. Traditional banks’ adoption of crypto may make it more accessible to everyday users. The move could result in better rules that will govern the industry to protect investors.