Boerse Stuttgart Digital enables European financial institutions to expand their product offers by enhancing its crypto infrastructure in collaboration with Amazon Web Services.
As the demand for crypto services rises, Boerse Stuttgart Digital, a German hub for crypto infrastructure powered by Boerse Stuttgart Group, has partnered with Amazon Web Services to improve its services to European financial institutions.
The Stuttgart-based company stated in a news release on Monday, October 14, that the partnership intends to increase the scalability of its products, which are intended for conventional banks, brokers, and asset managers.
According to the organization, the partnership started as a result of a recent trend in which corporates and retail clients in Europe are “increasingly seeking reliable avenues to venture into the crypto market.”. Boerse Stuttgart Digital said:
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.”
Institutional investors are “eager to offer their clients access to cryptocurrencies and digital assets without compromising on trust, security, and reliability,” according to Matthias Voelkel, CEO of Boerse Stuttgart Group, who addressed the collaboration.
This comes as Boerse Stuttgart Digital continues to grow the number of clients it serves, especially DZ Bank, one of the biggest banking groups in Europe and a major participant in the German cooperative banking industry.
Boerse Stuttgart Digital announced in the middle of September that DZ Bank would enable 700 cooperative banks to allow their retail clients to trade cryptocurrency and keep it in fiduciary custody under a license.
