Tradias, Bankhaus Scheich’s Digital Asset Arm, Becomes Licensed Securities Trading Bank

Tradias, Bankhaus Scheich’s Digital Asset Arm, Becomes Licensed Securities Trading Bank
Tradias, Bankhaus Scheich’s Digital Asset Arm, Becomes Licensed Securities Trading Bank

Tradias, the digital asset arm of Bankhaus Scheich based in Frankfurt, has officially secured a securities trading bank license from Germany’s Federal Financial Supervisory Authority (BaFin). This significant milestone allows Tradias to operate as an independent securities trading bank, no longer relying on Bankhaus Scheich’s BaFin license.

Previously, Tradias functioned as Bankhaus Scheich’s over-the-counter trading platform, specializing in cryptocurrencies and security tokens. With this new license, Tradias is set to broaden its operations within the digital asset space.

Expansion Plans for 2025

On October 7, Tradias announced the successful completion of a Series A funding round, securing capital for further growth. Though specific details about the funding round remain undisclosed, Bloomberg reports that several family offices have contributed to the capital, enabling Tradias to expand its workforce from 90 to 100 employees by the end of the year.

Earlier, Deutsche Bank’s subsidiary DWS considered investing in Tradias, but the deal fell through due to Tradias’ reliance on Bankhaus Scheich’s license. Now that this hurdle has been cleared, Tradias is poised for European expansion in 2025, alongside enhanced product offerings.

Pioneering Digital Asset Adoption in Germany

Bankhaus Scheich has established itself as a leading market maker on the Frankfurt Stock Exchange. In 2020, the firm ventured into digital assets with the launch of Tradias. Since then, Tradias has formed key partnerships and played a central role in promoting the adoption of cryptocurrencies in Germany.

One notable collaboration came in 2023 with Deutsche WertpapierService Bank (Dwpbank), enabling 1,200 customers to access Bitcoin investments via the wpNex platform. In February 2024, Tradias tokenized the first-ever money market fund on the Polygon blockchain, the Allianz Securicash SRI Fund.

Tradias also serves as the crypto partner for major platforms such as neobroker Trade Republic, Dwpbank, and T-Systems. Several German states, including Hesse, have used Tradias to manage and sell their cryptocurrency holdings through Bankhaus Scheich.

For more in-depth updates on Tradias and the latest developments in digital asset adoption, visit CentBit.Online—Bangladesh’s leading expert on crypto and blockchain innovations.

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