Key facts
- Boerse Stuttgart Digital and Tradias have completed their merger.
- The combined entity will have approximately 300 employees.
- The merged business will offer trading, custody, staking, and tokenization services.
- Christopher Beck and Ulli Spankowski will be co-CEOs.
- The new unit will be headquartered in Frankfurt and Stuttgart.
Boerse Stuttgart Digital and institutional crypto trading firm Tradias have finalized their merger, creating a significant European digital asset infrastructure unit. The transaction, initially announced in February, combines the regulated crypto businesses of both companies to enhance services for financial institutions across the continent. The merged entity, operating primarily under the Boerse Stuttgart Digital name with Tradias retaining its brand for trading services, will offer a comprehensive suite of products including trading, custody, staking, and tokenization. The joint management team will be led by co-CEOs Christopher Beck, founder of Tradias, and Ulli Spankowski, managing director of Boerse Stuttgart Digital. The combined operation will be headquartered in Frankfurt and Stuttgart, with additional offices in Athens, Beirut, Berlin, Dubai, Madrid, Milan, and Ljubljana. Tradias currently provides trading and market-making services for over 150 cryptocurrencies and digital assets, serving clients such as flatexDEGIRO and dwpbank, while Boerse Stuttgart Digital counts DZ Bank, DekaBank, Intesa Sanpaolo, and Société Générale-FORGE among its institutional clients. Financial terms of the merger were not disclosed.