Boerse Stuttgart Digital Custody
Fiduciary crypto custody from Boerse Stuttgart Group, MiCAR-licensed and supervised by BaFin
Quick Overview
| Company | Boerse Stuttgart Digital Custody GmbH |
|---|---|
| Category | Crypto Custody Providers |
| Headquarters | Stuttgart, Germany |
| Founded | 2019 |
| EU Presence | Yes - Germany (EU) |
| Data Location | Germany |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Fiduciary custody, hot, cold and ice-cold wallets, sub-custody, API and web interface, whitelisting, four-eyes approvals, staking via partners, crime insurance |
| Pricing | Pricing on request |
| Best For | Licensed institutions needing sub-custody, and unlicensed firms wanting full-service custody |
| Replaces | BitGo, Coinbase Custody |
Detailed Review
The custody arm of Boerse Stuttgart Digital describes itself as MiCAR licensed and supervised by BaFin, and says custody has run since its founding in 2019. Its sales pages carry the line Made in Germany, Designed for Europe.
The service targets banks, brokers and asset managers, in two forms: sub-custody for institutions that hold their own licence, and a full service for firms that want market access without one.
Separated, layered storage
Client assets are legally kept apart from the company's own assets. The technical set-up combines hot, cold and ice-cold wallets with automatic liquidity management, under a security concept certified to ISO 27001 and SOC 2.
Crime insurance underwritten by a consortium led by Munich Re and Zurich is described as covering hacks, fraud and internal theft across all three wallet tiers.
Controls the operator sees
Withdrawals can be restricted to whitelisted addresses and pass a four-eyes approval with two-factor authentication. The interface draws on the group's experience with the BISON app, and a separate API serves firms that integrate their own systems.
Staking with German partners
Staking is offered through Staking Facilities, with Munich Re named for the staking infrastructure. The site mentions an institutional offering of more than 50 cryptocurrencies in a December 2025 press release, and custody of assets valued above five billion euros as of 2025.
Limitations to Consider
The custody pages checked name no prices and no fee structure, and no on-premises option exists. The asset list is shorter than that of multi-chain key-technology vendors. The imprint page lists the holding and broker companies rather than the custody GmbH, so the registry entry for the custody entity itself was not confirmed. Staking depends on third-party partners.
Who Should Use Boerse Stuttgart Digital Custody
Banks, brokers and funds in the euro area that want a BaFin-supervised German custodian backed by a listed exchange group, either as sub-custodian or as a full service.
Pros and Cons
Pros
- MiCAR licence and BaFin supervision stated
- Operating since 2019
- ISO 27001 and SOC 2 security concept
- Insurance consortium led by Munich Re and Zurich
- Full-service and sub-custody models
Cons
- No published pricing
- No on-premises deployment
- Custody GmbH not itself listed in the imprint page
- Staking relies on partners
Alternatives to Boerse Stuttgart Digital Custody
Other European crypto custody providers worth comparing before you decide:
DFNS
France · Wallet-as-a-service on MPC, SaaS or fully on-premises
Tangany
Germany · BaFin-licensed wallet-as-a-service custody for platforms
Taurus
Switzerland · Custody software for banks, with keys held by the client
Zodia Custody
United Kingdom · London custodian with air-gapped cold wallets and instant withdrawals
See all European crypto custody providers or compare them directly against BitGo on our alternatives page.
Frequently Asked Questions
The company states that Boerse Stuttgart Digital Custody GmbH is MiCAR licensed and supervised by BaFin.
Yes. The site describes sub-custody for licensed institutions and a full service for institutions without their own licence.
The site describes crime insurance underwritten by a consortium led by Munich Re and Zurich, covering hacks, fraud and internal theft across hot, cold and ice-cold wallets.