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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