CryptoNews: Deutsche Bank AG, Germany's biggest bank, is seeking to expand its services related to digital assets such as cryptocurrencies.🇩🇪
Deutsche Bank Applies for a Crypto Custodian License in Germany
The bank has applied for a license from the German financial regulator BaFin to offer custody solutions for digital assets,The bank's commercial banking unit head, David Lynne, said at a conference on June 20 that the bank is building out its digital assets and custody business. This follows a similar interest from the bank's investment arm, DWS Group, which has been exploring partnerships with crypto firms in Germany.
Deutsche Bank has been cautious about the crypto industry in the past, but has changed its tone in 2023. The bank has also tested a tokenized investment platform called DAMA in Singapore, in collaboration with Memento Blockchain. The platform allows users to access digital asset funds with a fiat-to-digital on-ramp.
The bank's move reflects the growing adoption of digital assets in Germany, where several banks have started to offer crypto-related services to their clients. Deutsche WertpapierService Bank , a securities processor, has launched a Bitcoin-focused platform called wpNex, which integrates crypto accounts with bank accounts.I've been writing about Bitcoin since 2014. My work has appeared in Forbes, Fortune, Wired UK, Bitcoin Magazine, and many other online publications.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Deutsche Bank Applies for Digital Asset License in Germany as TradFi Pushes Further Into CryptoBanking giant DeutscheBank has applied to become a crypto custodian in Germany after first announcing plans to explore the space in 2021. HeleneBraunn reports
Les mer »
Deutsche Bank applies for digital asset license with German regulator: BloombergDeutsche Bank AG is seeking regulatory approval to operate a custody service for digital assets, including cryptocurrencies.
Les mer »
Deutsche Bank reportedly applies for digital asset custody license with BaFinGermany’s largest banking institution Deutsche Bank AG has reportedly applied for a digital asset custodian license with BaFin on June 20 with a focus on offering custody services for cryptocurrencies.
Les mer »
Deutsche Bank Applies for License to Offer Crypto Custody Service – Regulation Bitcoin NewsDeutscheBank, the largest bank in Germany, is seeking approval to offer custody services for digitalassets, including cryptocurrencies. crypto
Les mer »
Deutsche Bank Attempts to Gain Crypto Custody Service License: DetailsGerman banking giant intends to burst into crypto space, now seeks license
Les mer »
Deutsche Bank crypto plans aid Bitcoin price trip to $27.5K June highsCan Bitcoin bulls nail a flip of $27,500? It's all go after the Wall Street open.
Les mer »