Tradias, the digital asset arm of Germany’s licensed and regulated Bankhaus Scheich, has received a securities trading bank license from the German Federal Financial Supervisory Authority (BaFin). Tradias also recently closed a Series A financing round.

Tradias CEO Michael Reinhard said that this license “opens a new chapter for accelerated growth and solidifies our position as a leading regulated player in the digital asset space.” Tradias plans to continue its European expansion in 2025, expand its product range, and innovate in the digital asset space.

What do you think of Tradias’ new status? Share your thoughts in the comments.