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Tradias, an EU Digital Assets Trading Platform, receives Series A funding & Licensing from BaFin


EU Digital Assets Trading Platform

October 08, 2024


Tradias, the digital assets division of the German-licensed and regulated Bankhaus Scheich, has obtained a securities trading bank license from the German Federal Financial Supervisory Authority (BaFin). Additionally, Tradias has completed a Series A funding round.


Project

Latest Raise Date

Stage

Lead Investor

Category

Tradias

October 08, 2024

Series A

BaFin

Trading

In their announcement, Tradias hinted at expansion plans. CEO Michael Reinhard mentioned that the license would mark the beginning of accelerated growth and strengthen their position as a leading regulated entity in the digital assets sector.


While the firm did not disclose specific details about the funding round, they described it as “successful” and noted a “strong balance sheet.” Deutsche Bank’s asset management arm, DWS Group, was reportedly interested in investing in Tradias in 2023.


The Series A funding primarily came from family offices and wealthy private investors from German-speaking regions. The new capital will enable Tradias to increase its staff from 90 to 100 by the end of the year.


About Tradias

Tradias is a digital assets trading platform that emerged from Bankhaus Scheich, a well-established German financial institution. It provides institutional-grade services such as over-the-counter (OTC) trading, market making, and tokenization. Tradias aims to bridge the traditional financial system with the world of digital assets, offering secure and regulated access to a wide range of cryptocurrencies and tokenized assets. Their goal is to facilitate seamless and efficient trading within a regulated framework, ensuring high standards of governance and security.


 


 

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