Boerse Stuttgart Digital, the cryptocurrency and digital asset division of the Boerse Stuttgart Group, is expanding institutional access to digital asset liquidity through a partnership with Wyden.

Wyden's digital asset trading platform connects leading digital asset trading venues and liquidity providers, offering services to institutions including advanced order routing and post-trade capabilities.

Boerse Stuttgart Digital provides institutional-grade crypto solutions through a modular, one-stop shop service for trading and custody of cryptocurrencies.

This partnership will enable institutions including banks and asset managers to access Boerse Stuttgart Digital's trading infrastructure through a single interface.

With Boerse Stuttgart Digital available through the platform it said that clients will be able to diversify their execution strategies, tap into new liquidity pools, and meet compliance obligations.

With the move, the Boerse Stuttgart Group, one of Europe's largest stock exchange operators, said it aims to expand access to regulated cryptocurrency markets for financial institutions.

The access via a secure interface aims to support execution via the fully regulated infrastructure of Boerse Stuttgart Digital, which was the first to receive a MiCAR licence from BaFin, the German Federal Financial Supervisory Authority.

Regulatory approval granted under the Markets in Crypto-Assets Regulation (MiCAR) allows crypto-asset companies to operate legally throughout the EU with a unified set of rules for crypto-asset services.

Commenting on the partnership Sastre Ibáñez, chief revenue officer and head of institutional business of Boerse Stuttgart Digital said: "Through the integration of our MiCAR-compliant trading and custody solutions, Wyden expands access for financial institutions to seamless, fully regulated institutional liquidity.”

He added that once connected, Wyden customers will immediately have access to the Boerse’s cryptocurrency services.

Last week, Boerse Stuttgart Group launched Seturion, the first pan-European blockchain-based settlement platform for tokenised assets, aiming to unify the fragmented regulatory landscape in the European capital market.

The platform is designed for all market participants across Europe, including banks, brokers, trading venues, and tokenisation platforms.

Seturion enables the settlement of transactions across any asset class, supporting both public and private blockchains, as well as cash settlement against central bank money and on-chain cash.

This modular approach is intended to make settlement faster and more cost-efficient, with the company claiming cost savings of up to 90 per cent for partners.

The platform is already in use at BX Digital, a Swiss Financial Markets Supervisory Authority (FINMA) regulated distributed ledger technology trading facility in Switzerland.

Seturion was also successfully tested during the European Central Bank’s 2024 blockchain trials, which involved leading European banks such as Commerzbank, Deutsche Bank, DZ Bank, LBBW, Bankhaus Metzler and V-Bank.

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