DekaBank Partners With Boerse Stuttgart Digital to Expand Crypto Trading Services

German investment bank DekaBank has joined the growing list of leading financial institutions in Europe that are significantly contributing to the mass adoption of cryptocurrencies. In a recent disclosure, the investment giant revealed a partnership with Börse Stuttgart Digital, a regulated brokerage, to offer cryptocurrency trading services to its institutional clients.

Notably, this partnership comes a few days after the bank launched crypto trading and custody after it received approval for a crypto custody license from Germany’s financial regulator (BaFin). The Frankfurt-based company has spent two years preparing its infrastructure for launch and completing the paperwork.

DekaBank Expands Offerings to Institutional Investors

Through this partnership, DekaBank is leveraging Boerse Stuttgart Digital’s fully regulated brokerage infrastructure to provide institutional clients with seamless, secure, and reliable access to cryptocurrency trading.

Boerse Stuttgart Digital is the sixth-largest exchange group in Europe. The firm, which received its MiCA license on January 17, 2025, provides brokerage, trading, and custody services for financial institutions in the country. Last month, the exchange revealed its cryptocurrency trading business had exploded in recent years and now accounts for 25% of its overall revenue.

Commenting on its partnership with DekaBank, Boerse Stuttgart Group’s CEO Matthias Voelkel expressed the company’s commitment to offering secure and regulated services to clients who wish to diversify their portfolios with crypto assets.

“Partnering with DekaBank to offer crypto trading to its institutional clients underscores our commitment to providing financial institutions across Europe with secure and fully regulated infrastructure solutions. We are happy that with DekaBank, we supported a leading European player to go to the market fast without compromising on security and reliability,” he stated.

With this collaboration, DekaBank expands its service offering and product portfolio, offering its institutional clients a strategic opportunity to capitalize on cryptocurrencies as a new asset class. The bank believes institutional investors possess the expertise, resources, and infrastructure to manage crypto investment risks professionally.

Furthermore, Boerse Stuttgart Digital will ensure the firm benefits from blockchain technology while maintaining the highest security standards.

In addition to DekaBank, Boerse Stuttgart Digital partnered with Germany’s second-largest financial institution, DZ Bank, last year to provide cryptocurrency trading and custody services to retail clients. 

DekaBank’s Crypto Journey

Founded in 1918, DekaBank is one of the leading German asset managers with over $395 billion (377 billion euros) in assets under management. DekaBank started its crypto journey in 2023 by building a blockchain-based tokenization platform in collaboration with the Swiss digital asset firm Metaco.

With the EU progressing with its MiCA crypto regulation framework, DekaBank’s entrance into crypto trading was significant. Particularly, its partnership with MiCA-licensed Boerse marks another step in the institutional adoption of cryptocurrencies in Europe. The recent move positions the bank giant as a prominent player in the emerging sector of institutional crypto services.

Other financial institutions in Germany’s bank sector have also embraced cryptocurrencies’ potential. For instance, Landesbank Baden-Württemberg (LBBW) has partnered with crypto platform Bitpanda to enable corporate clients to buy and sell digital assets.

Overall, the move by several traditional banks to adopt digital assets will make these assets more accessible to everyday users. This could also pave the way for crypto regulations protecting institutional and retail investors.