Boerse Stuttgart Group, operator of one of Europe’s largest stock exchanges, is merging its crypto business with German digital asset firm Tradias. The combined entity will create a major regulated crypto infrastructure provider for European institutions, covering services from trading to custody. The deal reportedly values the combined unit at over $590 million.
The Boerse Stuttgart Group is merging its cryptocurrency division with Frankfurt-based digital asset trading firm Tradias. This strategic merger aims to expand the group’s institutional crypto market presence across Europe.
The transaction will consolidate approximately 300 employees under a joint management team from both companies. Financial terms were not officially disclosed, though Bloomberg reported it could value Tradias at about $237 million.
The combined entity aims to provide a full suite of regulated digital asset services. These services will include brokerage, trading, custody, staking, and tokenized assets for banks and financial institutions.
Boerse Stuttgart Digital has built its crypto infrastructure in compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA). The exchange group reported tripling its crypto trading volumes in 2025.
Tradias operates as the digital assets arm of Bankhaus Scheich and is licensed by Germany’s Federal Financial Supervisory Authority. The merger combines Boerse Stuttgart’s regulated platform with Tradias’s execution capabilities.
Boerse Stuttgart Group CEO Matthias Voelkel stated the move drives the development of the European crypto market. “We have built strong growth momentum in recent years,” said Tradias founder Christopher Beck.
Beck added, “Together, we will cover the entire value chain for digital assets and create a new European champion with significantly greater reach, strategic depth, and creative power for further market consolidation.” The combined unit’s total valuation was reported at over $590 million.
