Boerse Stuttgart Group Crypto Trading App Volume Reaches $2.4B
The exchange's crypto trading app, Bison, has seen a doubling of trade volumes and active users since last year.
The financial institutions are working with fintech firm 360X, with first tokenized transactions coming later this year.
The company’s application to list a bitcoin ETF in the U.S. is currently being reviewed by the SEC.
Under the legislation, wealth managers known as Spezialfonds would be able to invest up to 20% in digital assets.
The round was led by early Luno and Revolut investor Balderton Capital.
BaFin said the stock tokens tracking Tesla, Coinbase and MicroStrategy have been identified as “suspicious” and the exchange could be fined up to $6 million.