Elwood, a fintech company that offers comprehensive digital asset trading and investing solutions to institutions, revealed that Boerse Stuttgart Digital would use Elwood’s technology to improve its digital asset offering. Boerse Stuttgart Digital is Europe’s largest infrastructure provider for digital and cryptocurrency solutions.
With more than 200 institutional clients, including top banks, trading companies, and asset managers, Boerse Stuttgart Group has established a substantial cryptocurrency and digital asset business among European exchange groups.
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By utilising Elwood’s infrastructure solutions, which offer a strong and user-friendly gateway to trading across important exchanges and liquidity venues, institutional clients will be able to access digital asset markets through this cooperation.
Chris Lawn, CEO, Elwood, stated: “We pride ourselves on providing market-leading digital asset trading and portfolio investing solutions to our clients and are excited to partner with Boerse Stuttgart Digital. We look forward to helping them provide their institutional clients with intuitive and efficient ways to pursue digital asset trading, portfolio management and investing.”
Ulli Spankowski, managing director Boerse Stuttgart Digital, added: “We are seeing the demand for digital assets grow exponentially across European markets and are excited to be working with Elwood to make it easier for our clients to access them. We share with Elwood a culture of compliance, safety, and regulatory readiness and are confident that this partnership will provide our clients with the technology they need to scale and adapt as this asset class continues to grow.”
In an exclusive interview with Private Banker International, Lawn provides additional information regarding the partnership.
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By GlobalDataPBI: What are the primary objectives for both companies in this partnership over the next year?
CL: One of the primary objectives of this partnership is to provide Boerse Stuttgart Digital’s (BSD) customers with a stronger digital asset trading experience – developed using Elwood’s technology. This partnership will help BSD enhance its existing digital asset offering for its institutional client base using Elwood’s technology stack.
PBI: Could you elaborate on the key features of Elwood’s infrastructure that will enable clients to access digital asset markets more effectively?
CL: Elwood is a fintech company that provides institutional clients with comprehensive solutions for institutional digital asset traders and investors. They offer SaaS solutions using market-leading technology that increases the ease and efficiency with which users can access digital assets and a faster, more intuitive trading experience
Elwood, in general, offers institutional investors tools for portfolio management, trading, risk management, collateral management and connectivity to execution venues, custodians, market data providers, etc. These are available as a complete solution or as individual modules.
PBI: Both companies mention a strong focus on compliance and regulatory readiness. Could you share specific compliance challenges or requirements addressed through this partnership?
CL: With MiCA, there have been more clients looking to begin trading digital assets and are attracted by BSD’s “made in Germany” ethos.
Working with Elwood allows BSD to offer the strongest digital asset trading technology available in the market today. This better technology will help meet this demand and will support the growth of digital assets as more institutional players seek to gain exposure to the asset class.
