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DZ BANK's New Digital Asset Custody Platform

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by Giorgi Kostiuk

a year ago

Germany's largest depository bank, DZ BANK, has announced the launch of its digital asset custody platform, developed in collaboration with Ripple.

A New Era for Digital Assets

In August 2024, Germany's leading depository bank, DZ BANK, with over €350 billion in assets, unveiled its anticipated institutional digital asset custody platform. This significant milestone heralds a new era in asset management, promoting safer and more efficient handling of digital assets.

Partnership with Ripple

The platform was developed in collaboration with Ripple, a leader in blockchain-based solutions. It offers unique solutions for the management, settlement, and security of digital assets, particularly crypto securities in line with German securities law.

We are very proud that we were one of the first banks in Germany that really built and made their digital custody platform go live.DZ BANK Representative

Becoming a Leader in Digital Assets

The integration of blockchain technology into traditional capital market processes makes the platform a secure and efficient solution for managing digital assets. With Ripple's support, the platform ensures faster and cost-effective transactions, full regulatory compliance, and extends opportunities in the digital economy.

The launch of DZ BANK's digital asset custody platform marks a new phase in digital transformation, opening additional opportunities for institutional investors.

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