BREAKING: Deutsche Bank To Offer Crypto Services
• September 14, 2023 11:25 am • CommentsGermany’s largest bank, Deutsche Bank, is set to offer crypto services to its clients.
The $1.34 trillion banking giant teamed up with Taurus to be able to provide custodial and other digital asset services for its customers.
According to sources, the services will primarily be focused on Bitcoin and major-cap altcoins like Ethereum.
Additionally, Decrypt reports: “Alongside crypto custody, Deutsche Bank will also use Taurus’ infrastructure to offer tokenization services for its customers.”
A Swiss fintech firm has agreed with Deutsche Bank to establish digital asset custody.
Alongside crypto custody, Deutsche Bank will also use Taurus’ infrastructure to offer tokenization services for its customers.
More here: https://t.co/5GyUph2tS2 pic.twitter.com/AvK5W0h1PA
— Decrypt (@decryptmedia) September 14, 2023
Watcher Guru explained:
The bank had previously applied for a digital asset license with German regulators this year.
Moreover, this worldwide partnership represents another step in the asset manager’s entry into the digital asset industry.
Subsequently, it is now set to integrate Taurus’ technology to manage cryptocurrency for clients.
Multiple outlets likewise confirmed the news on Thursday, as investors, traders, and enthusiasts celebrated the news as incredibly bullish for the broader crypto markets.
Deutsche Bank gears up for crypto through partnership with infrastructure firm Taurus – @gazza_jenks reports. https://t.co/bU3SBaah05
— Cointelegraph (@Cointelegraph) September 14, 2023
JUST IN: €1.34 trillion asset manager Deutsche Bank to offer #Bitcoin & crypto custody services.
— Watcher.Guru (@WatcherGuru) September 14, 2023
JUST IN: Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and #Bitcoin 👀 🙌 pic.twitter.com/93Kz6gB4zr
— Bitcoin News (@BitcoinNewsCom) September 14, 2023
The Block provided this statement from Deutsche Bank Global Head of Securities Services Paul Maley:
“As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients.”
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