PANews reported on February 28 that according to Cointelegraph, the digital asset department of Boerse Stuttgart, a major German stock exchange, is assisting local investment bank DekaBank in providing cryptocurrency trading services to its institutional clients. Boerse Stuttgart Digital announced its partnership with DekaBank on February 28, stating in the announcement that Boerse Stuttgart Digital will provide its regulated infrastructure to enable DekaBank to launch its cryptocurrency service, which is specifically for institutional clients.

The partnership comes shortly after Boerse Stuttgart Digital Custody received a full license under the EU’s new Market in Crypto-Assets (MiCA) framework in January. Founded in 1918, DekaBank is a major German asset manager with total assets exceeding €411.5 billion ($427 billion) as of September 2024.