TL;DR
- Boerse Stuttgart Digital will merge with Tradias to form a regulated unit offering trading, custody, staking and tokenized-asset services across Europe.
- Coverage pegs Tradias near 200 million euros ($237 million) and the combined business above $590 million, linking 1 million users to a 30 million broker reach.
- The strategy leans on MiCA alignment and BaFin licensing, consolidating liquidity and institutional workflows after the group said volumes tripled in 2025.
Boerse Stuttgart Group is set to merge its digital asset subsidiary, Boerse Stuttgart Digital, with Frankfurt-based trading firm Tradias, creating a single European crypto business built for institutional scale. The move signals an explicit consolidation play as traditional market infrastructure deepens its crypto footprint. The firms say the combined unit will be positioned to serve banks, brokers and other financial institutions across Europe with a regulated, end-to-end stack with execution built for uptime.
Building a unified European crypto asset hub
The integration will place brokerage, trading, custody, staking and tokenized asset capabilities inside one operating perimeter, with a joint management team overseeing delivery. Executives are pitching the merger as a way to align liquidity, safekeeping and product issuance under a single control framework. The companies said the combined business will bring together about 300 employees, aiming to streamline execution workflows while maintaining regulated custody and clear segregation of client assets. That scope targets faster partner onboarding.
Deal terms were not disclosed, Bloomberg pegged Tradias near 200 million euros ($237 million) and put the combined business above $590 million; another report cited a valuation above €500 million. Scale is central, linking more than 1 million retail users to broker rails described as reaching about 30 million users. That reach gives the merged group a larger funnel for liquidity and new product rollout. It also strengthens pricing, spreads and execution depth.
Regulation is the hinge. Boerse Stuttgart Digital has positioned itself around MiCA-aligned trading, brokerage and custody, and Tradias contributes execution as the digital asset arm of Bankhaus Scheich. The combined hub is meant to convert licensing and controls into a repeatable institutional onboarding playbook. Tradias is licensed by Germany’s BaFin as a securities trading bank and partnered with AllUnity, a MiCA-licensed issuer of the EURAU stablecoin, to integrate OTC trading pairs for euro settlement.
Boerse Stuttgart says crypto trading volumes tripled in 2025 and that crypto contributed about 25% of total revenue in 2024. Leaders frame the merger as a catalyst for European market consolidation and a sharper institutional product pipeline. CEO Matthias Voelkel pointed to consolidation momentum, while Tradias founder Christopher Beck emphasized full value-chain coverage and broader reach. The combined platform aims to standardize liquidity, custody segregation and tokenized product rollout for Europe as MiCA adoption matures.
