Boerse Stuttgart Forms €500M Crypto Giant in Europe
Boerse Stuttgart Group is accelerating its push to dominate Europe’s regulated crypto landscape, unveiling a major consolidation that positions it as a contender to become the continent’s leading digital asset powerhouse.
Key Takeaways
- Boerse Stuttgart Group is merging its digital unit with Tradias to build a €500M+ regulated crypto entity in Europe.
- Digital assets now generate 25% of group revenue, with €5.2B in custody by end-2025.
- Boerse Stuttgart Digital holds a full MiCAR license, enabling EU-wide expansion.
In February 2026, the group confirmed plans to merge its digital unit with crypto trading firm Tradias, forming what executives describe as a future “European crypto champion.”
The combined entity is valued at more than €500 million, marking one of the most significant consolidation moves in the region’s regulated digital asset sector.
At the center of the strategy stands Boerse Stuttgart Group, which has steadily expanded its crypto footprint through its dedicated division, Boerse Stuttgart Digital. Over the past two years, digital assets have shifted from a niche experiment to a core revenue driver for the exchange operator.
Digital Assets Become a Core Revenue Engine
In 2024, digital assets accounted for 25% of total group revenue – a clear signal that crypto is no longer peripheral to the company’s business model. By the end of 2025, crypto assets held in custody peaked at approximately €5.2 billion, underscoring growing institutional participation.
The digital asset hub operates across eight European financial centers, including Stuttgart, Madrid, Milan and Zurich, creating a cross-border footprint designed to capitalize on the EU’s harmonized regulatory framework.
Three Strategic Pillars
The group’s digital strategy is built on three interconnected segments.
First, Boerse Stuttgart Digital acts as a fully integrated infrastructure provider. It offers institutional trading, brokerage and custody through a modular, one-stop-shop model aimed at banks and professional investors seeking regulated exposure to crypto markets.
Second, the tokenization arm – Boerse Stuttgart Tokenized Assets – was launched in 2025 to address fragmentation in Europe’s capital markets. Its flagship platform, Seturion, is designed as a pan-European settlement layer for tokenized securities and other digital financial instruments.
Third, BISON, the group’s retail trading app, has reached around 1.2 million users as of late 2025, giving the exchange direct access to a growing base of crypto-active retail investors.
MiCAR License Strengthens EU Expansion
A critical advantage for the group has been regulatory positioning. Boerse Stuttgart Digital became the first German provider to secure a full MiCAR license from BaFin in early 2025. The license grants passporting rights across EU and EEA member states, allowing the company to scale regulated crypto services throughout the bloc.
This regulatory milestone places the group at the forefront of Europe’s post-MiCAR landscape, where compliance and cross-border authorization are increasingly decisive competitive factors.
Institutional Partnerships and Technology Stack
The expansion strategy is reinforced by partnerships with major European banks, including Intesa Sanpaolo, DZ Bank and DekaBank. Through these collaborations, crypto services are being integrated into traditional banking channels, potentially reaching millions of retail clients.
Geographically, the group strengthened its Southern European presence with the launch of a Madrid hub in September 2025, targeting Spain’s rapidly rising crypto adoption.
On the infrastructure side, the platform integrates MPC-based custody solutions from Fireblocks and leverages on-chain data services from Chainlink to enhance institutional-grade security and transparency.
Toward a European Crypto Champion
The planned merger with Tradias signals a broader industry trend: regulated exchanges and specialized crypto firms joining forces to achieve scale in a market increasingly shaped by institutional capital and unified EU regulation.
With digital assets already contributing a quarter of revenues and custody volumes surpassing €5 billion, Boerse Stuttgart Group is positioning itself not just as a participant in Europe’s crypto sector – but as a central infrastructure provider in its next phase of growth.
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Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
