Boerse Stuttgart Digital has become the first German company to obtain a license as a crypto-asset services provider under the EU Markets in Crypto-Assets Regulations.

The license, granted by German financial regulator BaFin, allows the company to offer cryptocurrency services throughout the European Union. According to To Ledger Insights.

Approval comes after that Germany It resolved regulatory delays associated with the collapse of its last coalition government. Legislation designating BaFin as local Mika The regulation was finalized by the Bundestag just before Christmas, enabling companies like Boerse Stuttgart Digital to move forward with licensing.

Boerse Stuttgart crypto project

Boerse Stuttgart Digital has extensive cryptocurrency experience and strong institutional partnerships. It serves as a key partner for DZ Bank, which recently began piloting retail cryptocurrency solutions for 737 German community banks.

Since launching a retail-focused joint venture with Axel Springer in 2019, the company has positioned itself as a leader in Germany's digital assets ecosystem.

Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group, shared the company's ambitions to expand its offerings: “We will expand Boerse Stuttgart Digital's offering with integrated solutions for financial institutions across Europe, accelerating the internationalization and structural growth of our digital business.” He said.

The German company will face competition from other MiCA-compliant providers in Europe. For example, based in Switzerland Signum Bankwhich recently obtained a CASP license in Liechtenstein, serves more than 20 financial institutions, including Swiss PostFinance.

With its new license, Boerse Stuttgart Digital aims to leverage its institutional expertise to capitalize on the growing cryptocurrency market in the EU.