Today, the German exchange operator, Deutsche B\u00f6rse announced the completion of its fundraiser with the\u00a0fintech firm, Crypto Finance AG, for which the company had first signed a deal in June this year. With its exclusive deal, Deutsche B\u00f6rse declared that the company has acquired majority stake in Crypto Finance, and will now be able to facilitate direct entry point for investments in digital assets, along with custody services. Eric Leupold, Head of Cash Market at Deutsche B\u00f6rse said, \u201cThanks to Crypto Finance\u2019s proven expertise and the technologies they have developed, we can now enable financial institutions and professional investors to enter the digital asset market. This is a step further in our digital asset strategy.\u201d Furthermore, Deutsche B\u00f6rse will also provide a\u00a0wide range of digital assets to its existing customers and new market participants via their established platforms. While Crypto Finance will\u00a0continue to function independently, yet the updated target consumer base will now be \u2013 banks, asset managers, fintechs, and other financial intermediaries. Additionally, according to the press release, expansion of the customer base will be intensified, with a focus on Germany in Europe, and Singapore in Asia. Jan Brzezek, CEO and co-founder of Crypto Finance noted, \u201cEstablished financial institutions increasingly want to start investing in digital assets and are looking for a trustworthy partner. With its esteemed reputation and broad expertise in operating financial market infrastructure, Deutsche B\u00f6rse garners this trust. We are very excited to continue our success story with our colleagues, existing and new clients and partners.\u201d Fundings in the crypto space experience consistent hikes Crypto fundings are on a constant rise. Earlier this month, the Morgan Stanley-backed Bitcoin firm,\u00a0NYDIG announced in a press release that it had\u00a0raised the extraordinary amount of $1 billion in its exclusive funding round, determining Wall Street\u2019s increasing interest in the decentralised industry. \u201cThe prospects for both NYDIG and Bitcoin have never been more exciting,\u201d said Robert Gutmann, co-founder and CEO of NYDIG. \u201cOur roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry, and this new equity capital will further accelerate progress towards making this exciting network accessible \u2013 and useful \u2013 to all.\u201d, he added. The post Breaking: Deutsche B\u00f6rse acquires majority stake in crypto finance appeared first on CoinGape.