The merger between Boerse Stuttgart Group and Tradias aims to enhance their foothold in the institutional cryptocurrency sector. This strategic alliance will create a joint management team comprising approximately 300 employees from both firms. The newly formed entity is set to provide a range of digital asset services, including trading, brokerage, custody, staking, and tokenized assets, catering to banks and financial institutions throughout Europe.
Although the financial specifics of the deal remain undisclosed, reports suggest that Tradias could be valued at around 200 million euros (approximately $237 million), with the combined venture potentially exceeding $590 million. Boerse Stuttgart has been actively enhancing its regulated crypto infrastructure through its subsidiary, Boerse Stuttgart Digital, which complies with the European Union’s Markets in Crypto-Assets Regulation (MiCA).
Tradias operates as a securities trading bank, regulated by the German Federal Financial Supervisory Authority (BaFin), and has previously collaborated with AllUnity to integrate trading pairs on its platform. CEO Matthias Voelkel emphasized the significance of this merger in bolstering the growth and consolidation of the European crypto market.