Deutsche Börse’s Crypto Subsidiary Provides Trading Options to Apex Group
Together, Apex Group and Crypto Finance AG will provide digital asset services fit for an institution.
Crypto Finance AG, a crypto company and a subsidiary of Deutsche Börse Group, has announced a partnership with economic solutions provider Apex Group. The goal of this collaboration is to provide solutions and tools for managing digital assets on an institutional scale.
The Swiss Financial Market Supervisory Authority (FINMA)-regulated Crypto Finance AG facilitates legal access to the purchase, sale, and safekeeping of numerous cryptocurrencies. Crypto Finance, according to the press release published on Wednesday, will provide Apex Group with an institutional-grade digital asset infrastructure, beginning with an issuance system for structured services and products backed by digital possessions.
The goal of the partnership between Apex Group and Crypto Finance is to give professional and institutional investors a safe and supervised environment in which to develop their own financial investment services and products that are related to cryptocurrencies. This initiative makes it possible for financial institutions, family offices, asset managers, and other experts to participate in specialised crypto assets such as actively managed certificates (AMCs) and exchange-traded products (ETPs).
Apex Group will run a Swiss-independent securitization special-purpose vehicle (SPV) as part of the arrangement, creating a stable setup with little counterparty risk for both parties. The initial offerings made possible by this partnership are scheduled for release in the first part of the second quarter of 2023.
Deutsche Börse Joins Forces with Kaiko to Offer Cryptocurrency Market Data
In order to supply its customers with the blockchain technology based economic and market data they demand, Deutsche Börse has really established another partnership with Kaiko, a crypto marketplace information supplier. Within the agreement, Deutsche Börse has really proven that its brand new data offering comprises both real time and historic tick-level information for many digital assets and crypto exchanges featured in Kaiko.
Trading volumes for bitcoin ETFs and ETPs on Deutsche Börse reached €1 billion last year, up nine times from 2020.