German crypto asset trading platform Bitcoin Group SE buys bank with full license By Cointelegraph

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Group SE, operator of the German crypto trading platform bitcoin.de, announced that it has acquired 100% of shares in Bankhaus von der Heydt. The bank has a full banking license and is a provider of digital asset custody and tokenization services.

According to an announcement released Dec. 12, Bitcoin Group SE has preliminarily proposed to pay bank owner Dietrich von Boetticher 14 million euros and 150,000 shares. The deal is subject to approval from the German Federal Financial Supervisory Authority (BaFin) and is expected to close in the third quarter of 2023.