Solit, a major German precious metals dealer, has spun off its digital savings platform Flexgold into an independent Aktiengesellschaft (AG).
The move formalizes the separation of the company’s traditional bullion trading operations from its growing retail-focused digital arm, which allows users to invest in gold via a mobile application.
Katharina Gehra, a former cryptocurrency industry executive, has been appointed as the new CEO of Flexgold.
Her appointment marks a distinct shift in leadership philosophy for the unit, bringing expertise from the digital asset sector to a platform dealing in physical commodities.
The transition suggests Solit intends to leverage crypto-native growth strategies and user acquisition tactics to expand its gold savings market share.
The spin-off occurs as gold and Bitcoin both track for weekly gains, reflecting a broader rotation in market sentiment away from sustained selling pressure on safe-haven assets.