Tradias, the digital assets division of Bankhaus Scheich, a German bank with a securities trading license from BaFin, recently obtained its own securities trading bank license. The company also completed a successful Series A funding round. Tradias, which previously utilized Bankhaus Scheich's license, hinted at expansion plans following the announcement of its new license. CEO Michael Reinhard expressed excitement about the license, foreseeing accelerated growth and a stronger position in the digital assets sector. Tradias, established by Bankhaus Scheich in 2020, operates as an over-the-counter trading platform for cryptocurrencies and security tokens, offering services such as crypto loans and liquidity provision. The funding round, reportedly supported by family offices and private investors, will enable Tradias to increase its workforce and enhance its market presence. Additionally, Bankhaus Scheich collaborated with authorities to sell seized Bitcoin and partnered with Dwpbank to offer Bitcoin services to account holders at 1,200 banks. Read more AI-generated news on: https://app.chaingpt.org/news