Borse Stuttgart Digital, the cryptographic arm of the Stuttgart Stock Exchange, has entered the Spanish market with a new office in Madrid, the company said on Tuesday. The movement expands its European footprint to eight centers, including Frankfurt, Zurich and Milan.
The company, which at the beginning of this year received the first Micar license throughout Europe from the BAFIN regulator of Germany, offers trade and cryptography custody solutions designed for banks, corridors and asset administrators.
Its modular platform allows institutions to integrate cryptocurrency services into their retail offers, while complying with the new European Union markets in cryptographic assets. (Micar) structure.
The appetite of Spain for digital assets is increasing. Market studies suggest that more than half of the population could adopt cryptocurrencies by 2025, presenting an opening for financial companies that seek to meet customer demand. Borse Stuttgart Digital said it is already in conversations with the main Spanish banks about offering access to regulated cryptography.
“Spain with its innovative and innovative high -performance banks is a central market for us,” said Dr. Matthias Voelkel, CEO of Borse Stuttgart Group. “We are already involved in advanced collaboration discussions with key players.”
