Deutsche Boerse Group to acquire a majority stake in Crypto Finance.

Deutsche Boerse Group, a German stock exchange operator, agreed to acquire a majority stake in Crypto Finance, a provider of institutional and professional clients trading, storage, and investment in digital assets. Financial terms were not disclosed. The parties expect to close the transaction in the fourth quarter of 2021, following regulatory approvals. “Since the beginning, our goal was to bridge the old and new worlds. This is why we are excited to team up with a neutral partner like Deutsche Börse, who brings trust, reputation, and expertise in traditional financial market infrastructure. In combination with our proven expertise in crypto assets and the underlying technologies, we can now achieve our goals much faster. Together, we will enable thousands of financial institutions and professional investors in Europe to instantly enter this new asset class in a way they are familiar with,” Jan Brzezek, Crypto Finance CEO & Founder.