When introducing crypto offerings, banks, brokers and asset managers face a variety of challenges. This also includes compliance with regulatory requirements when developing one's own offering. Boerse Stuttgart Digital will offer regulatory-compliant onboarding with optimized compliance processes for this step as part of its comprehensive infrastructure solution in the future – this is made possible by the partnership with Fenergo. 

 

Full regulatory compliance is required 

MiCAR, in particular, is contributing to the fact that the European market for cryptocurrencies and digital assets is becoming increasingly regulated. More and more financial institutions are currently looking for solutions to offer their customers the simplest, most regulated, and most secure access to crypto assets possible. Security in particular plays a central role in this. 

Banks, brokers, and asset managers looking to enter the crypto market face strict KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance requirements designed to protect customers from fraudulent intent. These procedures and specifications are not only important with regard to regulatory requirements: they also ensure the trust of customers and market participants. 

Dr. Ulli Spankowski, Chief Digital & Product Officer of Boerse Stuttgart Digital, explains: "In the race to implement their own crypto offerings, financial institutions need efficient trading and custody solutions that offer full regulatory compliance at the same time." 

The implementation of technically valid, efficient and scalable solutions for identity verification and anti-money laundering within a trading and custody solution is therefore crucial to preserve the legal framework and the integrity of the market. 

 

Trend-setting partnership with Fenergo 

As a reliable partner for integrated and customized solutions along the value chain of cryptocurrencies and digital assets in Europe, Boerse Stuttgart Digital offers institutional clients exactly that with its one-stop-shop offering. 

The basis for this is a cooperation with Fenergo. Headquartered in Dublin, Ireland, with offices in Europe, North America, Africa and Asia Pacific, the company is one of the world's leading providers of AI-powered solutions for KYC, customer lifecycle management and transaction monitoring. 

With these products, Fenergo supports financial institutions, wealth management companies and fintechs in digitally onboarding and managing customers along their entire lifecycle. 

Simplified and secure market entry for customers of financial institutions 
The software digitally orchestrates every process that customers who use Boerse Stuttgart Digital's solution go through. These include: 

• the initial KYC process for primary onboarding 
• Continuous adherence to regulatory compliance, such as transaction monitoring and permanent KYC verification 
• Customer offboarding 

Ruth Ormsby, Managing Director EMEA at Fenergo, is excited about the new partnership and emphasizes its importance in the competition: "Boerse Stuttgart Digital's commitment to developing regulated solutions in the field of crypto and digital assets gives the company a clear competitive advantage. We are pleased to support the infrastructure provider on its growth trajectory. In view of the high regulatory requirements, companies are obliged to create robust framework conditions for combating money laundering and complying with KYC requirements." 

 

Expanded offering benefits institutional clients 

In concrete terms, this means for customers of Boerse Stuttgart Digital: Through the partnership, they benefit from the increased scalability of the infrastructure solutions provided as well as optimized compliance processes, which can give banks, brokers and asset managers a competitive advantage, especially with regard to current developments and emerging competitive situations in the market. 

This is because more and more financial institutions are increasingly looking for regulatory-compliant solutions to enter the digital asset market. The partnership will make client onboarding much more efficient for institutional players looking to launch their own crypto offerings. 

Boerse Stuttgart Digital, in turn, can thus offer secure and reliable trading and custody services on a large scale, which are oriented towards regulatory requirements. The collaboration with Fenergo, which is known for its deep financial services and regulatory expertise as well as its out-of-the-box rule logic, underlines Boerse Stuttgart Digital's commitment to the highest regulatory standards and strengthens its position as Europe's fully regulated infrastructure partner for crypto and digital asset solutions. 

Dr. Ulli Spankowski also clarifies this: "Our partnership enables banks, brokers and asset managers to enter the crypto market through our infrastructure, which ensures scalability, security and regulation." With regard to the developments in the European market for digital assets, he adds: "Together with Fenergo, we are continuing to drive crypto adoption in Europe." 

The partnership with Fenergo also enables Boerse Stuttgart Digital to act quickly in the event of future regulatory changes. This is where Ruth Ormsby sees a key advantage of the Fenergo solution: "The challenge is to balance growth and compliance. Fenergo's Customer Lifecycle Management solution, which has already been validated by the largest financial institutions worldwide, enables our partner to future-proof solutions in the face of regulatory changes. With this automation of compliance processes, Boerse Stuttgart Digital will be able to onboard banks, brokers and asset managers who want to become active in crypto trading more quickly, thus accelerating growth." 

 

Piece of the puzzle for the next phase of growth in the European crypto market 

As Europe's leading infrastructure provider for cryptocurrencies and digital assets, pioneering partnerships such as the one with Fenergo are important pieces of the puzzle to continue to be a driving factor in crypto adoption in Europe. 

Thanks to the increased scalability of Boerse Stuttgart Digital's infrastructure solutions and optimized compliance processes in cooperation with Fenergo, the next phase of growth in the European crypto market is being prepared. 

Would you like to learn how you can provide your customers with easy and regulated access to the crypto market with Boerse Stuttgart Digital's secure one-stop-shop solution? We will show you the path to cooperation and the value of the partnership with Fenergo in a non-binding conversation – please feel free to contact us.