Boerse Stuttgart Digital, the cryptocurrency division of Stuttgart Stock Exchange Group, has officially launched operations in Spain with a new Madrid office, the company announced Tuesday. This strategic expansion increases their European presence to eight key locations, including Frankfurt, Zurich, and Milan.
The company, which secured the first pan-European MiCAR license from Germany's BaFin regulator earlier this year, offers institutional-grade cryptocurrency trading and custody solutions specifically designed for banks, brokers, and asset managers.
Their modular platform enables financial institutions to seamlessly integrate Bitcoin (BTC), Ethereum (ETH), and other cryptocurrency services into their retail offerings while maintaining full compliance with the EU's Markets in Crypto-Assets (MiCAR) regulatory framework.
Spain's growing interest in digital assets creates significant opportunities. Recent market analysis indicates over 50% of Spain's population could adopt cryptocurrencies by 2025, creating substantial demand for regulated crypto access. Boerse Stuttgart Digital confirmed advanced discussions with major Spanish banking institutions about providing compliant cryptocurrency services.
"Spain represents a core market for us with its high-performing, innovative banking sector," stated Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group. "We are actively engaged in advanced collaboration talks with key market participants."