The Bankhaus Scheich subsidiary got its own BaFin license after using the parent company’s for several years.
Tradias, the digital assets arm of the German-licensed and regulated Bankhaus Scheich, has received a securities trading bank license from the German Federal Financial Supervisory Authority (BaFin). In addition, Tradias just completed a Series A round of funding.
Tradias had leveraged Bankhaus Scheich’s BaFin license previously.
Tradias hinted broadly in the announcement of its license that it had expansion plans. Tradias CEO Michael Reinhard said the license would “open a new chapter of accelerated growth and solidify our position as a leading regulated player in the digital assets space." The announcement continued:
