Boerse Stuttgart Digital has partnered with Amazon Web Services to enhance its crypto infrastructure, enabling European financial institutions to scale their offerings.
Boerse Stuttgart Digital, a German crypto infrastructure hub powered by Boerse Stuttgart Group, has entered into a partnership with Amazon Web Services to enhance its offerings for European financial institutions as the demand for crypto services continues to rise.
In a Monday press release, Oct. 14, the Stuttgart-headquartered company said the collaboration aims to improve the scalability of its solutions, designed for traditional banks, brokers, and asset managers. The company says the collaboration was born in response to a new trend as retail customers and corporates across Europe are “increasingly seeking reliable avenues to venture into the crypto market.”
“Traditional financial institutions are facing a pivotal choice: to miss out on this structural trend or partner with established infrastructure providers which stand for trust, security, and reliability.”
Boerse Stuttgart Digital
You might also like: Crypto ATM sting in Germany leads to $28m seizure
Addressing the partnership, Boerse Stuttgart Group’s CEO Matthias Voelkel said that institutional investors are “eager to offer their clients access to cryptocurrencies and digital assets without compromising on trust, security and reliability.”
The development comes as Boerse Stuttgart Digital expands its client roster, particularly with DZ Bank, a key player in the German cooperative banking sector and one of the largest banking groups in Europe. In mid-September, Boerse Stuttgart Digital said that DZ Bank would empower 700 cooperative banks to offer their retail customers the ability to trade cryptocurrencies and store them in licensed fiduciary custody.
Read more: Germany closes 47 crypto exchanges over money laundering concerns
Source