Boerse Stuttgart Group, which operates one of Europe’s largest stock exchanges, announced plans to merge its crypto division with Frankfurt-based digital asset trading firm Tradias in a strategic push to strengthen its institutional crypto presence.
According to a Friday statement, the deal will bring together approximately 300 employees under a joint leadership team drawn from both organizations.
The combined entity intends to offer a broad suite of digital asset services — including brokerage, trading, custody, staking and tokenization — targeting banks, brokers and other financial institutions across Europe with fully regulated crypto infrastructure.
While financial details were not officially disclosed, Bloomberg reported the transaction could value Tradias at around 200 million euros ($237 million) and the merged entity at more than 500 million euros ($593 million). Representatives from both firms declined to comment on the valuation when contacted by Cointelegraph.
MiCA-aligned custodian joins BaFin-licensed trading bank
Boerse Stuttgart has built out its regulated crypto operations through Boerse Stuttgart Digital, which provides trading, brokerage and custody services under the European Union’s Markets in Crypto-Assets (MiCA) framework.
In 2025, the group reported that crypto trading volumes had tripled, accounting for roughly a quarter of total revenues in 2024. CEO Matthias Voelkel has expressed a positive outlook on digital assets and previously disclosed personal holdings of Bitcoin (BTC).
The merger is expected to combine Boerse Stuttgart Digital’s regulatory infrastructure with Tradias’ trading and execution expertise. Tradias operates as the digital assets arm of Bankhaus Scheich and holds a securities trading bank license from Germany’s financial regulator, BaFin.
“With the planned merger of Boerse Stuttgart Digital and Tradias, Boerse Stuttgart Group is driving the development and consolidation of the European crypto market,” Voelkel said.
Tradias founder Christopher Beck added that the merger represents the next logical step in the company’s growth trajectory.
“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.”
