Stuttgart Stock Exchange Launches Institutional Cryptocurrency Storage Service

Blocknox, a subsidiary of the Stuttgart Stock Exchange, began offering digital asset storage services for institutional market participants such as banks and investment companies.

The second largest cryptocurrency unitThe German exchange already offers similar services for retail customers working on its trading platform, but wants to take its custodian service to a new level.

In January, Blocknox notified the local regulator about plans to obtain the appropriate license, so it already has the rightoffer services on a temporary basis. Currently, documents are being prepared for accreditation and obtaining permission for such activities.

According to Blocknox Managing Director UlliSpankowski, institutional clients will not only be able to store cryptocurrency, but also use the store as the basis for their own digital asset projects.

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