03-23-2023, 05:20 PM
Deutsche Börse's Crypto Subsidiary Provides Trading Solutions to Apex Group
<p>Apex Group,
a financial services provider, has revealed its partnership with Crypto Finance
AG, a crypto <a href="https://www.financemagnates.com/terms/s/startup/" class="terms__main-term" id="faa35d08-52b2-4b16-9fca-cc970781391c" target="_blank">startup</a> and a subsidiary of
Deutsche Börse Group. The alliance aims to offer institutional-grade digital
assets products.</p><p>Apex Group and Crypto
Finance Provide Institutional-Grade Crypto Investment Offerings</p><p>As part of
the Deutsche Börse Group, Crypto Finance AG provides investment,
custody and brokerage solutions for cryptocurrencies to institutional clients. It
is regulated by the Swiss FINMA, providing authorized access to investment,
trading and secure storage of a broad class of digital assets. </p><p>According
to Wednesday's press release, Apex Group receives an institutional-grade
digital asset infrastructure from Crypto Finance, which will commence with an
issuance program for structured products supported by digital assets.</p><p>Bruce
Jackson, the Chief of Digital Asset Funds and Business at Apex Group, has
stated that the company has chosen to partner with Crypto Finance as the
company acknowledges the significance of creating a robust institutional
framework that meets the regulatory requirements and needs of institutional
investors.</p><p>"Today's
announcement is an important next step in our global strategy of
institutionalising digital markets, enabling institutional capital to access
this digital asset class within the same secure and regulated framework they
are familiar with from the traditional financial markets," Jackson added.</p><p>The
partnership between Apex Group and Crypto Finance aims to provide professional
and institutional investors with a safe and regulated means to create their own
crypto-related investment products. This initiative allows banks, family
offices, asset managers, and other professional investors to access tailored
crypto investment products, including actively managed certificates (AMCs) and exchange-traded
products (ETPs).</p><p>The cooperation
agreement will benefit both parties, as Apex Group will run a Swiss-independent
securitization Special Purpose Vehicle (SPV), resulting in a dependable setup
with restricted counterparty risk. The launch of the first products from this
collaboration is scheduled for the early second quarter of 2023. </p><p>Deutsche Börse’s Bet on
Crypto</p><p>The leading
German marketplace organizer for trading shares and other securities became the
majority stakeholder of the Switzerland-based Crypto Finance AG <a href="https://www.financemagnates.com/cryptocurrency/news/deutsche-borse-announces-acquisition-of-a-majority-stake-in-crypto-finance-ag/" target="_blank" rel="follow">in June 2021</a>. Through
the <a href="https://www.financemagnates.com/terms/a/acquisition/" class="terms__secondary-term" id="3180494d-8751-4a02-9476-86dc1cd4d2e2" target="_blank">acquisition</a>, Deutsche Börse aimed to provide a direct entry point for
investments, including post-trade services like custody, expanding its overall
presence in the crypto ecosystem.</p><p>Crypto
Finance AG is headquartered in Zug, a Swiss canton with some of the world's
most attractive regulations for conducting cryptocurrency business. The startup
has been operating in the local market continuously for more than five years,
where it <a href="https://www.financemagnates.com/cryptocurrency/news/crypto-finance-ag-gains-finma-license-swiss-operations/" target="_blank" rel="follow">obtained a FINMA license in 2018</a>.</p><p>Additionally, in 2022,
the stock exchange <a href="https://www.financemagnates.com/institutional-forex/deutsche-brse-onboards-kaiko-to-meet-demand-for-crypto-market-data/" target="_blank" rel="follow">entered into another cooperation with Kaiko</a>, a crypto market
data provider, to meet the high demand for cryptocurrency market data from its
clients. As part of the collaboration, Deutsche Börse has confirmed that its
new data service comprises real-time and historical tick-level data for all
digital assets and crypto exchanges covered by Kaiko.</p><p>Also last
year, Deutsche Börse <a href="https://www.financemagnates.com/cryptocurrency/news/deutsche-brse-reports-a-surge-in-demand-for-crypto-products/" target="_blank" rel="follow">confirmed significant investor interest</a> in cryptocurrency
ETFs and ETPs with trading volumes increased to more than €1 billion, which is a
ninefold increase over 2020.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
https://www.financemagnates.com//cryptoc...pex-group/
<p>Apex Group,
a financial services provider, has revealed its partnership with Crypto Finance
AG, a crypto <a href="https://www.financemagnates.com/terms/s/startup/" class="terms__main-term" id="faa35d08-52b2-4b16-9fca-cc970781391c" target="_blank">startup</a> and a subsidiary of
Deutsche Börse Group. The alliance aims to offer institutional-grade digital
assets products.</p><p>Apex Group and Crypto
Finance Provide Institutional-Grade Crypto Investment Offerings</p><p>As part of
the Deutsche Börse Group, Crypto Finance AG provides investment,
custody and brokerage solutions for cryptocurrencies to institutional clients. It
is regulated by the Swiss FINMA, providing authorized access to investment,
trading and secure storage of a broad class of digital assets. </p><p>According
to Wednesday's press release, Apex Group receives an institutional-grade
digital asset infrastructure from Crypto Finance, which will commence with an
issuance program for structured products supported by digital assets.</p><p>Bruce
Jackson, the Chief of Digital Asset Funds and Business at Apex Group, has
stated that the company has chosen to partner with Crypto Finance as the
company acknowledges the significance of creating a robust institutional
framework that meets the regulatory requirements and needs of institutional
investors.</p><p>"Today's
announcement is an important next step in our global strategy of
institutionalising digital markets, enabling institutional capital to access
this digital asset class within the same secure and regulated framework they
are familiar with from the traditional financial markets," Jackson added.</p><p>The
partnership between Apex Group and Crypto Finance aims to provide professional
and institutional investors with a safe and regulated means to create their own
crypto-related investment products. This initiative allows banks, family
offices, asset managers, and other professional investors to access tailored
crypto investment products, including actively managed certificates (AMCs) and exchange-traded
products (ETPs).</p><p>The cooperation
agreement will benefit both parties, as Apex Group will run a Swiss-independent
securitization Special Purpose Vehicle (SPV), resulting in a dependable setup
with restricted counterparty risk. The launch of the first products from this
collaboration is scheduled for the early second quarter of 2023. </p><p>Deutsche Börse’s Bet on
Crypto</p><p>The leading
German marketplace organizer for trading shares and other securities became the
majority stakeholder of the Switzerland-based Crypto Finance AG <a href="https://www.financemagnates.com/cryptocurrency/news/deutsche-borse-announces-acquisition-of-a-majority-stake-in-crypto-finance-ag/" target="_blank" rel="follow">in June 2021</a>. Through
the <a href="https://www.financemagnates.com/terms/a/acquisition/" class="terms__secondary-term" id="3180494d-8751-4a02-9476-86dc1cd4d2e2" target="_blank">acquisition</a>, Deutsche Börse aimed to provide a direct entry point for
investments, including post-trade services like custody, expanding its overall
presence in the crypto ecosystem.</p><p>Crypto
Finance AG is headquartered in Zug, a Swiss canton with some of the world's
most attractive regulations for conducting cryptocurrency business. The startup
has been operating in the local market continuously for more than five years,
where it <a href="https://www.financemagnates.com/cryptocurrency/news/crypto-finance-ag-gains-finma-license-swiss-operations/" target="_blank" rel="follow">obtained a FINMA license in 2018</a>.</p><p>Additionally, in 2022,
the stock exchange <a href="https://www.financemagnates.com/institutional-forex/deutsche-brse-onboards-kaiko-to-meet-demand-for-crypto-market-data/" target="_blank" rel="follow">entered into another cooperation with Kaiko</a>, a crypto market
data provider, to meet the high demand for cryptocurrency market data from its
clients. As part of the collaboration, Deutsche Börse has confirmed that its
new data service comprises real-time and historical tick-level data for all
digital assets and crypto exchanges covered by Kaiko.</p><p>Also last
year, Deutsche Börse <a href="https://www.financemagnates.com/cryptocurrency/news/deutsche-brse-reports-a-surge-in-demand-for-crypto-products/" target="_blank" rel="follow">confirmed significant investor interest</a> in cryptocurrency
ETFs and ETPs with trading volumes increased to more than €1 billion, which is a
ninefold increase over 2020.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
https://www.financemagnates.com//cryptoc...pex-group/