Tradias, Bankhaus Scheich’s Digital Asset Arm, Now a Licensed Securities Trading Bank
2024-10-10

Tradias, Frankfurt-based crypto provider and Bankhaus Scheich’s digital asset arm, has officially received a securities trading bank license from Germany’s Federal Financial Supervisory Authority (BaFin).
Tradias can operate as an independent securities trading bank . Previously, the firm operated as Bankhaus Scheich’s over-the-counter trading platform for cryptocurrencies and security tokens, using Bankhaus Scheich’s BaFin license.Source: TradiasExpansion Plans for 2025
According to the bank’s press release from Oct. 7, Tradias , securing capital for further growth.
However, the company did not disclose further details about its latest funding round. According to , several family offices have invested in Tradias, and the new capital will allow the company to expand its workforce from 90 to 100 by the end of the year.
Previously, Deutsche Bank’s subsidiary DWS considered investing in Tradias. However, this deal fell through. A reason for the failed investment was reportedly – a hurdle that has now been overcome.
With its new status as a licensed securities trading bank and a strengthened capital base, Tradias seeks to drive European expansion in 2025 and enhance its product offerings.Driving Digital Asset Adoption in Germany
Bankhaus Scheich is one of the leading market makers on the Frankfurt Stock Exchange. In 2020, Bankhaus Scheich expanded its business into digital assets and launched Tradias. 
In 2023, Tradias (Dwpbank) on its wpNex platform. This partnership allows Dwpbank’s 1,200 customers to access Bitcoin (BTC) investments.
In February 2024, Tradias on the Polygon blockchain, the Allianz Securicash SRI Fund.
Tradias is the crypto partner of neobroker Trade Republic, Dwpbank, and T-Systems. Several German states, such as Hesse, also sell their cryptocurrency holdings through the bank.