Boerse Stuttgart Digital and Tradias Complete Merger, Creating 300-Employee European Crypto Infrastructure Unit

Aug 5, 2026

Boerse Stuttgart Digital and institutional crypto trading firm Tradias complete their merger after clearing regulatory ownership control checks. The combined digital asset infrastructure unit employs approximately 300 people across offices in Frankfurt, Stuttgart, and seven other international locations. Led by co-CEOs Christopher Beck and Ulli Spankowski, the entity offers trading, custody, staking, and tokenization services to major European financial institutions.

Boerse Stuttgart Digital–Tradias merger completion

▪Financial terms of the merger transaction between Boerse Stuttgart Digital and Tradias were not disclosed.
▪Boerse Stuttgart Digital and institutional crypto trading firm Tradias completed their merger on August 5, 2026, after clearing the required regulatory ownership control procedure.
▪The merger transaction between Boerse Stuttgart Digital and Tradias was first announced in February 2026.

Combined entity structure

▪The combined digital asset infrastructure unit of Boerse Stuttgart Digital and Tradias will employ approximately 300 people.
▪The merged business will operate under the Boerse Stuttgart Digital name, while Tradias will remain the brand for trading services.
▪The merged Boerse Stuttgart Digital and Tradias entity will be headquartered in Frankfurt and Stuttgart, Germany.

Management team appointments

▪Jan Munz and Dennis Winter will continue in their respective roles as Chief Operating Officer and Chief Technology Officer for Boerse Stuttgart Digital.
▪Michael Reinhard of Tradias will join the Group Executive Committee of the Boerse Stuttgart Group as Chief Digital Assets Officer.
▪Roman Schmidt of Tradias was appointed as Chief Commercial Officer of the newly merged Boerse Stuttgart Digital business.
▪Tradias founder Christopher Beck and Boerse Stuttgart Digital managing director Ulli Spankowski will serve as co-CEOs of the merged business.

Institutional client base

▪Tradias provides services to clients including flatexDEGIRO, dwpbank, and various European government institutions.
▪Boerse Stuttgart Digital serves institutional clients including DZ Bank, DekaBank, Intesa Sanpaolo, and Société Générale-FORGE.

Service offerings portfolio

▪Boerse Stuttgart Group's Seturion blockchain settlement platform, launched in September 2025, supports cross-border trading of tokenized assets.
▪The combined Boerse Stuttgart Digital and Tradias unit will provide trading, custody, staking, and tokenization services for financial institutions.
▪Tradias provides trading and market-making services covering more than 150 cryptocurrencies and other digital assets.

European market expansion

▪Boerse Stuttgart Group CEO Matthias Voelkel stated the merger is a milestone toward becoming Europe's leading regulated infrastructure provider for digital assets.
▪The merged Boerse Stuttgart Digital and Tradias business will maintain offices in Athens, Beirut, Berlin, Dubai, Madrid, Milan, and Ljubljana.