AWS and Boerse Stuttgart Digital team up to offer crypto solutions to EU financial institutions

• The partnership was in response to retail customers and corporates seeking ways to enter the crypto market
• According to Boerse Stuttgart Digital, traditional financial institutions have to make a choice when it comes to crypto: either miss out or join providers who deliver reliability, security, and trust

Boerse Stuttgart Digital is partnering with Amazon Web Services (AWS) to boost its crypto product offerings for EU financial institutions.

In a press release, the German-based crypto company, powered by Boerse Stuttgart Digital, said the collaboration was in response to retail customers and corporates who “are increasingly seeking reliable avenues to venture into the crypto market.”

According to the company, traditional financial institutions have to make a choice when it comes to crypto: either miss out or join established providers who deliver reliability, security, and trust.

Dr Matthias Voelkel, CEO of Boerse Stuttgart Group, said that “trust is paramount in the cryptocurrency and digital assets world,” adding:

“Institutional investors are eager to offer their clients access to cryptocurrencies and digital assets without compromising on trust, security and reliability.”

Speaking on the partnership, Tanuja Randery, Vice President and Managing Director, Europe, Middle East and Africa (EMEA) at AWS, said they were delighted to be working with “Boerse Stuttgart Group on their mission to make their crypto infrastructure solutions even more scalable.”

Building Web3 adoption

This is the latest partnership for AWS in what has been a busy year for the company.

In March, WAX blockchain teamed up with the cloud computing organization to empower developers with seamless access to blockchain infrastructure through the AWS console. By doing so, the pair are hoping to revolutionize Web3 gaming tools.

Following on from that, AWS announced in August it was teaming up with Haven1, a REKT-Resistant Ethereum Virtual Machine (EVM) L1 blockchain. It’s hoped that the partnership between the two will enable broader adoption of Web3 solutions.