Boerse Stuttgart Digital Expands Crypto Services to Spain

Boerse Stuttgart Digital Enters Spanish Market

Boerse Stuttgart Digital (BSD), the cryptocurrency division of the Stuttgart Stock Exchange Group, is expanding its European operations with a new office in Madrid, Spain. This move increases BSD's presence to eight European hubs, including existing locations in Frankfurt, Zurich, and Milan.

This expansion comes after BSD secured the first Europe-wide MiCAR license from Germany’s BaFin regulator earlier this year. The company specializes in providing crypto trading and custody solutions tailored for banks, brokers, and asset managers.

Regulated Crypto Access for Institutions

BSD's platform offers a modular design, allowing institutions to integrate cryptocurrency services into their existing retail offerings while adhering to the European Union’s Markets in Crypto-Assets (MiCAR) framework.

Spain: A Growing Crypto Market

Market studies indicate a significant rise in crypto adoption within Spain. Projections suggest that over half of the Spanish population could be using cryptocurrencies by 2025. This growth presents a significant opportunity for financial firms looking to cater to increasing client demand for digital assets.

Boerse Stuttgart Digital has stated that it is already engaged in discussions with major Spanish banks regarding the potential for offering regulated crypto access to their clients.

Strategic Expansion

“Spain with its high-performing, innovative banks is a core market for us,” stated Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group. “We are already engaged in advanced collaboration discussions with key players.”