德意志交易所激发了德国机构加密货币的采用

德意志交易所子公司 Crypto Finance 获得了 BaFin 颁发的四张加密服务许可证，为德意志交易所数字资产交易所 DBDX 的推出铺平了道路。德国的监管环境仍然是进步和审慎的，机构加密货币采用势头强劲，巩固了德国作为欧洲领先加密货币市场的地位。

Deutsche Börse Powers Institutional Crypto Adoption in Germany

德意志交易所推动德国机构采用加密货币

Deutsche Börse, one of the financial behemoths in Germany, has made significant strides in the burgeoning cryptosphere. Its subsidiary, Crypto Finance, has secured a quartet of essential crypto licenses from the German financial regulatory authority, BaFin, opening the gateway for the launch of DBDX, Deutsche Börse's institutional crypto exchange. This development heralds a transformative era for the adoption of cryptocurrencies by institutional investors within the European economic powerhouse.

德国金融巨头之一德意志交易所在新兴的加密领域取得了重大进展。其子公司 Crypto Finance 已从德国金融监管机构 BaFin 获得了四张重要的加密货币许可证，为德意志交易所的机构加密货币交易所 DBDX 的推出打开了大门。这一发展预示着欧洲经济强国中机构投资者采用加密货币的变革时代。

Crypto Finance Secures Regulatory Clarity in Germany

加密金融确保德国监管清晰

Crypto Finance, acquired by Deutsche Börse in 2021, has been granted licenses from BaFin for a comprehensive suite of crypto services:

Crypto Finance 于 2021 年被德意志交易所收购，已获得 BaFin 颁发的全套加密服务许可证：

• Trading crypto assets
• Settling crypto transactions
• Providing crypto custody services
• Managing alternative investment funds with crypto as the underlying asset

This regulatory approval empowers Crypto Finance to offer these services to institutional investors domiciled in Germany. Armed with these licenses, Deutsche Börse is poised to launch DBDX, its long-awaited digital asset exchange catering to institutional clientele.

交易加密资产 结算加密交易 提供加密托管服务 管理以加密为基础资产的另类投资基金 这项监管批准使 Crypto Finance 能够向在德国注册的机构投资者提供这些服务。有了这些许可证，德意志交易所准备推出 DBDX，这是其期待已久的面向机构客户的数字资产交易所。

Crypto Finance's regulatory ambit extends beyond Germany, as it also holds licenses for crypto financial services in Switzerland. The acquisition of additional licensing in the eurozone's economic behemoth expands its operational footprint across Europe.

Crypto Finance 的监管范围超出了德国，因为它还拥有瑞士的加密金融服务许可证。欧元区经济巨头获得额外许可扩大了其在欧洲的业务足迹。

Deutsche Börse's Crypto Ambitions: A Symphony of Innovation and Digitization

德意志交易所的加密货币野心：创新与数字化的交响曲

For Deutsche Börse, the parent company of the venerable Frankfurt Stock Exchange, this foray into the crypto realm is an integral component of its overarching digitization strategy. The company aims to harness the vast growth potential of blockchain technology and the crypto ecosystem.

对于历史悠久的法兰克福证券交易所的母公司德意志交易所来说，进军加密领域是其总体数字化战略的一个组成部分。该公司的目标是利用区块链技术和加密生态系统的巨大增长潜力。

Deutsche Börse's forward momentum with the DBDX exchange stands in stark contrast to the setbacks encountered by other proposed institutional crypto exchanges, such as ICE's Bakkt exchange.

德意志交易所 DBDX 交易所的前进势头与其他拟议的机构加密货币交易所（例如 ICE 的 Bakkt 交易所）遇到的挫折形成鲜明对比。

Positive Signals for Crypto in Germany

德国加密货币的积极信号

The news of Crypto Finance's regulatory approval follows hot on the heels of Germany's Commerzbank receiving the regulatory nod to launch crypto custody services, signaling a growing embrace of digital assets by traditional financial institutions.

继德国商业银行获得监管机构批准推出加密货币托管服务之后，加密金融获得监管批准的消息传出，这表明传统金融机构越来越多地接受数字资产。

However, the regulatory landscape for crypto in Germany is not entirely without its complexities. The country's authorities continue to enforce strict measures against illicit activities involving Bitcoin. In January 2023, German regulators seized a staggering $2.13 billion worth of Bitcoin linked to copyright infringement and money laundering. While such stringent actions contribute to the legitimization of the asset class, the uncertainty surrounding the government's plans for the seized coins has fueled concerns about potential market impacts.

然而，德国的加密货币监管环境并非完全没有复杂性。该国当局继续对涉及比特币的非法活动采取严格措施。 2023 年 1 月，德国监管机构查获了价值 21.3 亿美元的与侵犯版权和洗钱有关的比特币。虽然如此严格的行动有助于该资产类别的合法化，但政府扣押代币计划的不确定性引发了人们对潜在市场影响的担忧。

Despite these regulatory nuances, the trajectory for institutional crypto adoption in Germany's economic powerhouse appears optimistic. Germany occupies a leading position in the continent's crypto industry:

尽管存在这些监管细微差别，但德国经济强国机构加密货币采用的轨迹似乎很乐观。德国在非洲大陆的加密货币行业中占据领先地位：

Germany's Crypto Industry Revenue Set for Steep Growth

德国加密货币行业收入将大幅增长

Germany's crypto market is projected to witness exponential growth in the years to come. Statista forecasts industry revenue to reach approximately $2.5 billion by 2028, a significant surge from the $186 million recorded in 2022. The licenses obtained by Crypto Finance tap directly into this rapidly expanding market's immense potential.

德国的加密货币市场预计在未来几年将呈指数级增长。 Statista 预测，到 2028 年，行业收入将达到约 25 亿美元，较 2022 年的 1.86 亿美元大幅增长。 Crypto Finance 获得的许可证直接挖掘了这个快速扩张的市场的巨大潜力。

The Path Forward for Institutional Crypto Adoption

机构加密货币采用的前进之路

With Crypto Finance's regulatory approval, the spotlight now shifts to the imminent launch of Deutsche Börse's institutional-grade crypto exchange, DBDX.

随着 Crypto Finance 获得监管部门的批准，现在的焦点转移到德意志交易所即将推出的机构级加密货币交易所 DBDX 上。

These licenses also underscore Germany's progressive yet prudent approach to regulating digital assets compared to other large economies. Regulations governing crypto custody and crypto-based funds indicate Germany's emergence as a global standard-setter.

这些许可证还凸显了与其他大型经济体相比，德国在监管数字资产方面采取的渐进而审慎的态度。管理加密货币托管和基于加密货币的基金的法规表明德国已成为全球标准制定者。

For mainstream institutional adoption, regulatory clarity is paramount. The guarantees provided by entities like Crypto Finance offer the legal bedrock for large investors to expand into crypto with confidence.

对于主流机构的采用来说，监管的清晰度至关重要。 Crypto Finance 等实体提供的担保为大型投资者充满信心地扩展到加密货币领域提供了法律基础。

Across the European landscape, more traditional financial players continue to flock to the crypto space:

在整个欧洲，更多的传统金融参与者继续涌入加密货币领域：

• Large banks like Switzerland's Julius Baer
• Investment banks like Societe Generale
• Payments giants like Mastercard

Deutsche Börse's successful acquisition of regulatory backing consolidates Germany's leadership as more giants embrace crypto.

随着越来越多的巨头拥抱加密货币，瑞士宝盛银行等大型银行、法国兴业银行等投资银行、万事达卡等支付巨头德意志交易所成功获得监管支持，巩固了德国的领导地位。

With a robust licensing framework in place, Germany seems poised as the next global epicenter for institutional crypto investment.

凭借强大的许可框架，德国似乎有望成为机构加密货币投资的下一个全球中心。

Conclusion

结论

The regulatory licenses obtained by Deutsche Börse's crypto subsidiary represent a watershed moment for institutional cryptocurrency adoption in Germany. They pave the way for the launch of DBDX, the company's digital asset exchange for professional investors.

德意志交易所加密货币子公司获得的监管许可代表着德国机构加密货币采用的分水岭时刻。它们为该公司面向专业投资者的数字资产交易所 DBDX 的推出铺平了道路。

In conjunction with Germany's Commerzbank recently securing permission for crypto custody, this signals the growing acceptance of digital assets by established financial institutions. Stringent enforcement by authorities can also contribute to the legitimization of cryptocurrencies as an asset class.

德国商业银行最近获得了加密货币托管许可，这标志着成熟的金融机构越来越接受数字资产。当局的严格执法也有助于加密货币作为资产类别的合法化。

Germany is solidifying its leadership in institutional crypto adoption, emerging as a significant global economy at the forefront of blockchain regulation. The licenses offer legal assurances for large investors to expand confidently into the asset class.

德国正在巩固其在机构加密货币采用方面的领导地位，成为处于区块链监管前沿的重要全球经济体。这些许可证为大型投资者自信地扩展到该资产类别提供了法律保证。

With its vast growth projections, progressive regulatory climate, and openness to innovation, Germany is poised to become the next global hub for mainstream institutional cryptocurrency investment. As more giants like Deutsche Börse continue embracing digital assets, the nascent asset class moves closer to established markets.

凭借其巨大的增长预测、渐进的监管环境和对创新的开放态度，德国有望成为主流机构加密货币投资的下一个全球中心。随着德意志交易所等越来越多的巨头继续拥抱数字资产，新兴的资产类别正在向成熟市场靠拢。