Today Bloomberg said the Deutsche Bank intended to launch cryptocurrency police custody next year, citing sources. He plans to associate with Bitpanda Technology Services, an arm of the European cryptography exchange. The bank will combine this partnership with its existing relationship with Taurus for childcare technology.
Although it is not in Bloomberg’s report, the arrangement can divide responsibilities, with Bitpanda treatment trading services and Deutsche Bank providing custody, depending on the models of the established industry. Several German institutions have already developed cryptography services.
For example, Commerzbank won its childcare license in 2023 and launched its offer for customers of its companies last year. In addition to offering custody internally, it also provides trading services via an alliance with Crypto Finance owned by Deutsche Börse.
Last year, Bitpanda joined the LBBW State Bank to develop both custody and commercial services for its corporate customers, providing an “investment as a service” infrastructure.
While Commerzbank and LBBW target companies, DZ Bank helps German community savings banks to offer consumers’ cryptography services via a relationship with Börse Stuttgart Digital.
This broader adoption through German banks contrasts with the slower entry of the Deutsche Bank in the warning of cryptography. On the other hand, the bank was more proactive in the payment infrastructure based on the blockchain.
On this front, he explores the emission of Stablecoin and his arm management arm, DWS, is involved in the stable of alluances. In addition, he works both on deposits in interbank token in single banking and collaborative in Germany. He is also involved in the transfronter tokenized tokenized regulations as a partly investor.
