Boerse Stuttgart Digital, part of Boerse Stuttgart Group and a provider of crypto infrastructure for financial institutions, has announced its official launch in Spain.
The move forms part of its wider European expansion strategy, with offices now in Stuttgart, Berlin, Frankfurt, Ljubljana, Milan, Stockholm, Zurich, and Madrid.
The development follows a year of growth and the granting of the first Europe-wide MiCAR license by BaFin in Germany.
The company will now enable financial institutions in Spain to offer their retail clients access to cryptocurrencies under MiCAR-compliant standards.
Its services include trading and custody solutions aimed at banks, brokers, and asset managers.
Institutional demand for crypto in Spain has been rising, with market studies projecting a more than 50 per cent adoption rate in the country by 2025.
“Our infrastructure is fully regulated, trusted, and institutional-grade. Spain with its high performing, innovative banks is a core market for us, and we are already engaged in advanced collaboration discussions with key players,”
said Dr Matthias Voelkel, CEO of Boerse Stuttgart Group.
Featured image credit: Edited by Fintech News Switzerland, based on image by bearfotos via Freepik
