Deutsche Börse Group, the very popular stock exchange organization, made public the purchase of a significant stake in the Swiss tech company called Crypto Finance AG.
The company announced that it purchased over 2/3 of the controlling stake of Crypto Finance AG, which was founded four years ago.
Though nobody knows for sure how much Deutsche Börse paid for the acquisition, some estimates suggest that it cost over 100 million Swiss francs.
Here is the official tweet in which the company made the big announcement:
We are excited to announce that Crypto Finance will join the @DeutscheBoerse AG. We share a common mission to connect the financial world and accelerate the adoption of digital assets for institutional investors.
Read from our CEO and Founder @JanBrzezek:https://t.co/wvZUtSwgjZ
— Crypto Finance (@CryptoFinanceAG) June 29, 2021
Crypto Finance AG, regulated by FINMA, a Swiss Financial regulator, provides their clients with investment tools for over two hundred digital assets.
Also, the company features trading and custody services.
The company works on opportunities for professional and institutional clients to invest straight in digital assets without needing to build their custom infrastructure and dedicated OS (operating systems).
Deutsche Börse will return a “direct entry point” for investments in crypto, which they refer to as digital assets via Crypto Finance AG.
The company’s list of services includes post-processing services, like storage.
Deutsche Börse also made public that Jan Brzezek, the founder of Crypto Finance AG, will keep serving as CEO.
Deutsche Börse went all-out with Twitter posts regarding the acquisition, which shows how confident they are in the decision they made.
Clients will undoubtedly enjoy the new services Deutsche Börse will offer thanks to the upgrade.