Boerse Stuttgart Strengthens Its Digital Business Supported by Axel Springer and SBI Group

Boerse Stuttgart, the sixth largest exchange group in Europe, has strengthened its digital business and further expands its strategic partnership with Axel Springer and SBI Group via SBI Digital Asset Holdings.

Both partners deepen their investment and are now completely committed to the digital business of Boerse Stuttgart Group. The group revealed that all of its digital activities will be operated under the brand "Boerse Stuttgart Digital" in future. Boerse Stuttgart Digital offers trading and brokerage solutions and crypto custody for institutional clients, as well as the retail platform BISON.

Partnering with the two global leading digital companies, Boerse Stuttgart Digital provides institutional and retail clients "along the entire value chain of cryptocurrencies and tokens" a one-stop shop, explained Matthias Voelkel, CEO of Boerse Stuttgart Group.

Christian Ricken, Chairman of the Executive Committee of Boerse Stuttgart Group, added: "The fact that Axel Springer and SBI Group are expanding their strategic partnership with Boerse Stuttgart Group underlines their trust in the digital business of our Group as a regulated player."

Axel Springer, a European multinational digital and popular periodical publishing house which is the largest in Europe, will contribute its expertise with regard to retail offerings in this collaboration. The publisher's Senior Vice President New Business Valentin Schöndienst said: "Boerse Stuttgart Digital provides retail customers and institutional partners with a regulated offering along the entire value chain. This is unique in Europe. I am looking forward to the further cooperation and to supporting the offering in the future."

Boerse Stuttgart Group is Germany's second largest stock exchange with strategic pillars in the capital markets business and in the digital and crypto business. It operates exchanges in Germany, Sweden and Switzerland.

Fernando Vazquez Cao, CEO of SBI Digital Asset Holdings, said: "The market is in need of trusted, regulated and professional infrastructure to truly deliver on the promise of digital assets. Boerse Stuttgart Group was a natural choice of European partners in this journey to transform the financial sector with innovative and reliable technology and processes."

The Tokyo-based financial service firm SBI Group has built a global network of digital asset and crypto business via its subsidiary SBI Digital Asset Holdings.