The German banking giant Deutsche Bank is aiming for a crypto license (report)

Berichten zufolge hat die größte Bank Deutschlands gemessen an der Bilanzsumme – die Deutsche Bank – eine Regulierung beantragt Erlaubnis zur Aufnahme der Tätigkeit als Kryptoverwahrer. Die DZ Bank – ein weiteres führendes Finanzinstitut des Landes – hat in diesem Bereich bereits Fortschritte gemacht und eine Partnerschaft mit Metaco und Harmonize geschlossen, um institutionellen Kunden die Verwahrung digitaler Vermögenswerte anzubieten. Aktuelle Bloomberg-Berichterstattung informiert dass die Deutsche Bank (die größte deutsche Bank mit Millionen von Kunden und einer Bilanzsumme von mehr als 1,4 Billionen US-Dollar) bei der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) den Aufbau ihres „Geschäfts für digitale Vermögenswerte und Verwahrung“ beantragt …
According to the largest bank in Germany, in terms of balance sheet total - Deutsche Bank - a regulation has requested a regulation to take the work as a crypto custodian. DZ Bank - another leading financial institution in the country - has already made progress in this area and has closed a partnership with Metaco and Harmonize to offer institutional customers the custody of digital assets. Current Bloomberg reporting provides information that Deutsche Bank (the largest Deutsche Bank with millions of customers and a total of more than $ 1.4 trillion) at the Federal Financial Supervisory Authority (BAFIN) is applying for the establishment of its "Business for Digital Wealth and Costening" ... (Symbolbild/KNAT)

The German banking giant Deutsche Bank is aiming for a crypto license (report)

reported that the largest bank in Germany has requested regulation span-preserver spaces = "True"> permission to take up activity as crypto custody.

The DZ Bank-Another leading financial institution in the country-has already made progress in this area and has closed a partnership with Metaco and Harmonize in order to offer institutional customers the custody of digital assets.

  • Current Bloomberg reporting informs Preserver-Spaces = "True"> that Deutsche Bank (the largest German bank with millions of customers and a balance sheet total of more than 1.4 trillion) Federal Financial Service Supervisory Authority (BaFin) applied for the establishment of its "Business for Digital Assets and Service".

"We have just submitted our application to BaFin for the license for digital assets," said David Lynne-Member of the Group Management Committee of Deutsche Bank.

  • He explained that the initiative was part of the bank's strategy to increase the fee income and correspond to the efforts of the wealth management division of the Deutsche Bank, the DWS Group.
  • the latter supposedly reveals his intention to invest in two cryptocurrency companies: German Digital Assets (DDA) and Tradias. A possible cooperation with Galaxy Digital was also considered-a cryptofocussed financial service company under the direction of Bitcoin advocate Mike Novogratz.
  • The competitor of Deutsche Bank in Germany - DZ Bank (the top institute of the cooperative financial group Volksbanken Raiffeisenbanken) - has also shown similar ambitions. The company regulated by BAFIN with the Swiss company Metaco and the Orchestration Platform Harmonize in February this year to offer institutional customers crypto protection services.

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