Germany’s Solarisbank Launches Licensed Crypto Brokerage

With its close partnership with Bitstamp, Solarisbank is touting an instant “in-custody” settlement system.

AccessTimeIconFeb 25, 2021 at 7:00 a.m. UTC
Updated May 9, 2023 at 3:16 a.m. UTC

German fintech firm Solarisbank is building on its regulated crypto custody service with a brokerage and trading application programming interface (API).

Solarisbank, which provides Sumsung, among other companies, with a range of APIs for digital banking and payments, announced Thursday it will offer fiat-to-crypto trading and instant settlement from within its custody solution. 

  • Binance to Reenter Japan in August 2 Years After Regulator's Warning
    Binance to Reenter Japan in August 2 Years After Regulator's Warning
  • FTX Bankruptcy Claims Deadline; UK Crypto, Stablecoin Rules Passed Into Law
    FTX Bankruptcy Claims Deadline; UK Crypto, Stablecoin Rules Passed Into Law
  • US Sanctions Russian Darknet Marketplace Hydra
    US Sanctions Russian Darknet Marketplace Hydra
  • The State of Crypto in South Africa
    The State of Crypto in South Africa
  • “We started with custody and now the next step is the brokerage API,” Julian Grigo, managing director at Solarisbank Digital Assets, said in an interview. “Our B2B customers will be able to get a bank account, store crypto and with the brokerage API, they can swap or exchange their fiat money to bitcoin or other cryptocurrencies.” 

    Custody is the first step into crypto for large regulated firms, which has been happening recently with the likes of BNY Mellon and Standard Chartered making announcements. Germany is one of the few places to offer a special crypto custody license via the financial regulator BaFIN. This has driven a hotbed of innovation with firms like Solarisbank and custody provider Finoa leading the pack.

    There’s a strong pipeline for crypto services, said Grigo, pointing to non-crypto businesses tapping into the world of digital assets. 

    “We are building the rails for the institutional or the retail investor,” he said. “We see this in the U.S. with Square, or in the U.K. with Revolut. What’s happening globally is also happening in the German market, and we definitely see this demand.”

    Thanks to a close partnership with Luxembourg-based exchange Bitstamp, Solarisbank is touting “in-custody” brokerage and instant settlement. U.K.-based BCB Group (which also works with Bitstamp) offers a similar instant settlement network with banking from ClearBank.

    This type of blockchain-enabled instantaneous swapping of crypto and fiat completely avoids the sorts of vagaries seen in the recent case of Robinhood and GameStop.

    “It’s quite depressing to see some brokers in the crypto ecosystem copying and repeating this batched delivery of the real assets, like the old T+2 delivery of the stock market into the crypto market,” Gigo said. “But the blockchain never sleeps, and so we have instant settlement within our platform.”


    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Read more about