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Crypto Finance Deal Sends Signal
The sale of Crypto Finance AG is one of the most significant deals in Swiss finance in recent years and an endorsement of the pioneering work done in Crypto Valley, but the fact that this endorsement came from outside Switzerland should give pause for thought.
Jan Brzezek, who founded Crypto Finance with the aim of closing the gap between the world of traditional banking and the digital world of crypto assets, and his team have pulled off a triumph.
Closer to 250 Million than 100 Million
According to finews.com’s information, Deutsche Börse paid closer to 250 million francs ($270 million) than 100 million for the two-thirds stake, valuing Crypto Finance Group at around 400 million francs.