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.
Website: https://www.tradias.de/
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