DekaBank Launches Crypto Trading and Custody Services
As the cryptocurrency market continues to get increased interest, adoption, and exposure, Germany’s DekaBank has announced the launch of crypto trading and custody services for institutional clients. Indeed, the $395 billion asset manager has launched the offerings that had been in development for two years, according to a Bloomberg report.
The prominent German financial institution received a crypto custody license from the country’s Federal Financial Supervisory Authority (BaFin). Moreover, the regulatory approval was granted under the German Bank Act and could represent a notable turning point.
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— Watcher.Guru (@WatcherGuru) February 24, 2025$377 billion German asset manager DekaBank launches crypto trading and custody services for institutional clients. pic.twitter.com/qA6m48sSq2
Also Read: German State-Owned Bank to Officially Issue Tokenized Bonds
DekaBank: German Investment Bank to Launch Crypto Services for Institutional Clients
The global economy has continued to see a pro-crypto shift take place in 2025. Indeed, the United States has seemingly led the charge. Following the election of US President Donald Trump, the country has continued to embrace a complete overhaul of its crypto policy. Now, there is no shortage of financial institutions across the world looking to continue adopting the asset class.
That has taken place in Germany, as DekaBank has officially launched crypto trading and custody services for select clients. Specifically, after two years of development, the $395 billion asset manager has introduced the services for its institutional user base.
Also Read: German Government Sells off All Bitcoin Holdings, Totaling $2.9B
The Frankfurt-based investment bank had gotten a crypto custody license from the country’s financial regulations. Moreover, they operated under the supervision of and in compliance with the European Central Bank (ECB), Bloomberg notes.
“We have the necessary experience required licenses and a tested, ready-to-use infrastructure to support savings banks and our institutional clients,” Martin K. Müller told the publication. The bank is the asset manager for Sparkassen-Finanzgruppe, teh largest financial services group in Germany. Moreover, it has placed a focus on both security and compliance amid the offering’s introduction.
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DekaBank Launches Crypto Trading and Custody Services
As the cryptocurrency market continues to get increased interest, adoption, and exposure, Germany’s DekaBank has announced the launch of crypto trading and custody services for institutional clients. Indeed, the $395 billion asset manager has launched the offerings that had been in development for two years, according to a Bloomberg report.
The prominent German financial institution received a crypto custody license from the country’s Federal Financial Supervisory Authority (BaFin). Moreover, the regulatory approval was granted under the German Bank Act and could represent a notable turning point.
JUST IN:
— Watcher.Guru (@WatcherGuru) February 24, 2025
Also Read: German State-Owned Bank to Officially Issue Tokenized Bonds
DekaBank: German Investment Bank to Launch Crypto Services for Institutional Clients
The global economy has continued to see a pro-crypto shift take place in 2025. Indeed, the United States has seemingly led the charge. Following the election of US President Donald Trump, the country has continued to embrace a complete overhaul of its crypto policy. Now, there is no shortage of financial institutions across the world looking to continue adopting the asset class.
That has taken place in Germany, as DekaBank has officially launched crypto trading and custody services for select clients. Specifically, after two years of development, the $395 billion asset manager has introduced the services for its institutional user base.
Also Read: German Government Sells off All Bitcoin Holdings, Totaling $2.9B
The Frankfurt-based investment bank had gotten a crypto custody license from the country’s financial regulations. Moreover, they operated under the supervision of and in compliance with the European Central Bank (ECB), Bloomberg notes.
“We have the necessary experience required licenses and a tested, ready-to-use infrastructure to support savings banks and our institutional clients,” Martin K. Müller told the publication. The bank is the asset manager for Sparkassen-Finanzgruppe, teh largest financial services group in Germany. Moreover, it has placed a focus on both security and compliance amid the offering’s introduction.
Read More
Russia Finance Ministry Calls to Create Its Own Crypto Stablecoin