Deutsche Börse extends digital asset offering with acquisition of Crypto 91ԭƬ
29 June 2021 Germany
Image: k24wi/adobe.stock.com
Deutsche Börse Group has acquired a majority stake in Crypto 91ԭƬ, a financial group under consolidated FINMA supervision that offers trading, storage, and investment in digital assets to institutional and professional clients.
The acquisition will see Deutsche Börse further extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as custody.
Crypto 91ԭƬ Group offers trading and brokerage of more than 200 digital assets in combination with an in-house custody solution.
According to Deutsche Börse, Crypto 91ԭƬ bridges the problem of liquidity fragmentation in the market.
An asset management unit under FINMA regulation also enables investor access to the digital asset class via an active and rule-based alternative investment fund offering.
As part of Deutsche Börse Group, Crypto 91ԭƬ will be able to further scale the business and expand the range of digital asset services.
Deutsche Börse says it also intends to make Crypto 91ԭƬ’s offering easily accessible for participants via its established platforms.
As part of the deal, Deutsche Börse will hold a two-thirds majority in the 2017-founded fintech.
The remaining shares stay with existing investors, including CEO and founder Jan Brzezek, who will continue to lead and manage the business.
The transaction is expected to close in Q4 2021, following regulatory approvals.
Thomas Book, executive board member for trading and clearing at Deutsche Börse, says: “We are excited that Crypto 91ԭƬ is joining the group. The team is an ideal strategic fit, and will help us tremendously on our way to building a trusted and fully regulated digital asset ecosystem for institutional investors in Europe.”
“Crypto 91ԭƬ perfectly complements our recent offerings like 360X, the innovative DLT-based platform for serial marketplace creation, and our leading, centrally-cleared crypto ETNs,” Book comments.
Jan Brzezek, CEO and founder, of Crypto 91ԭƬ, adds: “Since the beginning, our goal was to bridge the old and new worlds. This is why we are excited to team up with a neutral partner like Deutsche Börse, who brings trust, reputation, and expertise in traditional financial market infrastructure.”
The acquisition will see Deutsche Börse further extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as custody.
Crypto 91ԭƬ Group offers trading and brokerage of more than 200 digital assets in combination with an in-house custody solution.
According to Deutsche Börse, Crypto 91ԭƬ bridges the problem of liquidity fragmentation in the market.
An asset management unit under FINMA regulation also enables investor access to the digital asset class via an active and rule-based alternative investment fund offering.
As part of Deutsche Börse Group, Crypto 91ԭƬ will be able to further scale the business and expand the range of digital asset services.
Deutsche Börse says it also intends to make Crypto 91ԭƬ’s offering easily accessible for participants via its established platforms.
As part of the deal, Deutsche Börse will hold a two-thirds majority in the 2017-founded fintech.
The remaining shares stay with existing investors, including CEO and founder Jan Brzezek, who will continue to lead and manage the business.
The transaction is expected to close in Q4 2021, following regulatory approvals.
Thomas Book, executive board member for trading and clearing at Deutsche Börse, says: “We are excited that Crypto 91ԭƬ is joining the group. The team is an ideal strategic fit, and will help us tremendously on our way to building a trusted and fully regulated digital asset ecosystem for institutional investors in Europe.”
“Crypto 91ԭƬ perfectly complements our recent offerings like 360X, the innovative DLT-based platform for serial marketplace creation, and our leading, centrally-cleared crypto ETNs,” Book comments.
Jan Brzezek, CEO and founder, of Crypto 91ԭƬ, adds: “Since the beginning, our goal was to bridge the old and new worlds. This is why we are excited to team up with a neutral partner like Deutsche Börse, who brings trust, reputation, and expertise in traditional financial market infrastructure.”
← Previous industry article
Sharegain releases new platform to ease challenge of borrowing securities
Sharegain releases new platform to ease challenge of borrowing securities
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 91ԭƬ Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 91ԭƬ Times
