- New Crypto Trading and Custody Service
- Regulated Access to Digital Assets
- Background and Prior Partnerships
Commerzbank has joined forces with Crypto Finance, a subsidiary of Deutsche Börse, to offer new cryptocurrency services for corporate clients.
New Crypto Trading and Custody Service
The collaboration between Commerzbank and Crypto Finance aims to provide corporate clients with regulated access to digital assets, starting with Bitcoin and Ether. According to a press release, the service will initially focus on these two cryptocurrencies and will target select existing corporate clients in Germany.
Regulated Access to Digital Assets
Commerzbank will oversee the custody of digital assets. Gernot Kleckner, Divisional Board Member for Capital Markets in the Corporate Clients segment at Commerzbank, stated: “Our digital asset offering allows corporate clients to capitalize on the opportunities presented by Bitcoin and Ether for the first time. Our joint solution ensures the highest level of security in trading and custody of crypto assets, a standard we uphold alongside the Deutsche Börse Group.”
Background and Prior Partnerships
Commerzbank’s initiative responds to the growing demand for regulated crypto services in Germany, where Crypto Finance has expanded following the acquisition of four licenses from the Federal Financial Supervisory Authority. The German banking sector is becoming increasingly involved in the crypto landscape. In 2021, Commerzbank and Deutsche Börse collaborated on a blockchain-based marketplace aimed at tokenizing assets such as real estate and art in partnership with fintech firm 360X. This platform was intended to facilitate the tokenization and digitization of assets that are not tradable today.
Commerzbank continues to expand its services in the digital asset space by partnering with leading industry players like Crypto Finance and Deutsche Börse to meet the growing demand for regulated crypto solutions.
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