Deutsche Börse acquires Crypto Finance

Deutsche Börse is adding the fintech Crypto Finance to its Group. According to a press release from the two companies, the two-thirds majority stake in the company was acquired for an investment “in a moderate three-digit million Swiss franc range”. Crypto Finance founder and CEO Jan Brzezek and the current management team will continue to lead the company and retain “significant personal holdings”.

Founded in 2017, the Zug-based fintech has received multiple awards and is under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). The company reportedly offers 24/7 trading and brokerage of more than 200 digital assets in combination with a highly secure in-house custody solution. Crypto Finance is connected to a multitude of digital asset venues worldwide, which allows it to bridge the problem of liquidity fragmentation in the market. Professional and institutional clients can directly invest in digital assets, without having to set up their own infrastructure and operational frameworks.

“The team is an ideal strategic fit,” said Thomas Book, Executive Board Member for Trading and Clearing at Deutsche Börse. It will significantly help Deutsche Börse as it builds “a trusted and fully regulated digital asset ecosystem for institutional investors in Europe”. As part of the Deutsche Börse Group, Crypto Finance will be able to further scale the business and expand its range of digital asset services. Deutsche Börse also intends to make Crypto Finance’s offering easily accessible for participants via its established platforms.

Jan Brzezek highlights that the goal since the start has been “to bridge the old and new worlds. This is why we are excited to team up with a neutral partner like Deutsche Börse”.