Baker McKenzie Advises Tradias on Merger with Digital Subsidiary of Börse Stuttgart Group – Strengthening Regulated Crypto Business in Europe

Baker McKenzie is providing comprehensive legal advice to Tradias GmbH (Tradias) on its planned merger with Börse Stuttgart Digital Holding GmbH (BSDH), the digital subsidiary of Börse Stuttgart Group, covering all aspects relating to corporate law, transaction matters, competition law, tax, and regulatory issues.

Tradias is a European crypto trading house specialising in the trading and market making of digital assets. The company boasts a wide institutional client portfolio, including leading neo-brokers, banks, other financial service providers, and public institutions.

Börse Stuttgart Digital Holding GmbH operates a regulated crypto broker, a regulated crypto exchange, and a MiCAR-licensed crypto custodian, forming one of the leading fully regulated infrastructures for digital assets in Europe.

Through the merger, the parties will combine their respective expertise in institutional crypto trading and regulated market infrastructure. The aim is to further strengthen their European market position in the field of digital assets and to expand the offering to institutional clients.

"We are delighted to support Tradias comprehensively in this complex transaction," says Dr. Katharina Stüber, partner at Baker McKenzie.

Completion of the transaction is scheduled for the second half of 2026, subject to successful conclusion of negotiations and approval from the regulatory authorities.

Legal adviser to Tradias:
Baker McKenzie

Lead:
Corporate/M&A: Dr. Katharina Stüber, Christian Atzler (both partners), Sebastian Ens (counsel, all Frankfurt)

Team:
Corporate/M&A: Nikolas Lazaridis, Dr. Valentin Fischer, Alexander Vogt (all associates, Frankfurt), Dr. Jon Marcus Meese (partner, Munich), Celina Anna Zaim (senior associate, Düsseldorf), Tobias Beck (associate, Munich)

Banking & Finance: Dr. Conrad Ruppel, Matthias Töke (both partners), Manuel Metzner (senior counsel), Katharina Wollmert (associate, all Frankfurt)
Tax: Christoph Becker (partner), Sonja Klein (senior counsel), Ariane Schaaf (counsel, all Frankfurt)

Employment: Katja Häferer (partner, Frankfurt), Dr. Sebastian Pfrang (senior associate, Frankfurt), Annika Kissener (associate, Frankfurt), Franziska Klippstein (associate, Munich)

Antitrust & Competition: Dr. Anika Schürmann (partner), Dr Florian Kotman (counsel, both Düsseldorf)

IT/IP: Patrick Wilkening (partner), Yannick Filoda (associate, both Düsseldorf), Anela Winzig (associate, Frankfurt)

Real Estate: Dr. Jeneka Manoharan, Till Pflug (both associates, Frankfurt