Deutsche Börse AG (XTRA:DB1) agreed to acquire a 57.5% stake in Crypto Finance AG for €79.5 million on June 29, 2021. Deutsche Börse said the deal value was somewhat more than CHF 100 million. Remaining stake in Crypto Finance AG will stay with existing investors, including Chief Executive Officer and founder of Crypto Finance AG, Jan Brzezek. Jan Brzezek and the current management team will continue to lead the company and manage the business. Transaction is pending regulatory approvals and is expected to close in the fourth quarter of 2021. Mariel Hoch, Daniel Flühmann, Mani Reinert, Laura Widmer and Susanne Schreiber of Bär & Karrer Ltd. acted as legal advisor to Deutsche Börse AG. Alexander Vogel, Thomas Nabholz, Michael Reinle, Sergio Bortolani and Reto Luthiger of MLL Meyerlustenberger Lachenal Froriep Ltd acted as legal advisors to Crypto Finance. Carl Wessberg and Julian Riedlbauer of GP Bullhound acted as financial advisors to Crypto Finance.

Deutsche Börse AG (XTRA:DB1) completed the acquisition of a 57.5% stake in Crypto Finance AG for €79.5 million on December 15, 2021. Jan Brzezek and the current management team will continue to lead Crypto Finance and retain a significant stake in the company. Crypto Finance will continue to operate as an independent brand, with a focus on banks, asset managers, FinTechs, and other financial intermediaries as its core customers. The acting Chairman of the Board of Directors and co-founder of Crypto Finance AG, Tobias Reichmuth, stepped down from his position on 15 December 2021. Eric Leupold, Head of Cash Market at Deutsche Börse has taken over the role.